99 Valley Rd, Montclair Twp. NJ 07042

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$1,290,000

99 Valley Rd, Montclair Twp., NJ 07042

bedrooms

bathrooms

square feet

3,324

Acreage

Open Houses

year built

1892

Full Baths

Half Baths

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Introducing a premier commercial opportunity Class A rooming house that consist of three studio apartments and nine private single occupancy rooms in charming Montclair, NJ! This licensed rooming house, has been updated in 2021, boasts twelve efficiently designed units and ample off-street parking for up to six vehicles. Each space has been thoughtfully updated, featuring new vinyl flooring and a fresh coat of paint in selected rooms. Common areas shine with new Sheetrock, emergency lighting, and clear exit signage, ensuring a safe and welcoming environment for all occupants.Residents benefit tremendously from on-site conveniences like a pair of coin-operated washers and dryers in the basement simplifying laundry day in a snap! The exterior isn't left behind, with its durable vinyl siding and newly installed roof.Location is prime with proximity to key community sweet spots. The nearby Walnut Street train station and Bloomfield Ave bus stop provide efficient transit options for hassle-free commuting or leisure travels. Perfect for investors, this property is a true income powerhouse without the worry of rent control expected to generate gross income of $130,000 or more with a net income of $83,000. So if you're looking for not just a property, but a fruitful venture, this licensed rooming house may be it.

Location
Subdivision	-
County	Essex
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

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MLS number: 3947367

Listing agent: Anthony Torres

Listing broker: Re/Max Select (908) 233-9292

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Wednesday, February 26 2025 at 4:32 p.m. EST

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