70 N Willow St
Montclair Twp, NJ 07042
Price: $1,149,000
GSMLS: 3999658Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1907
Acres: 0.00
Property Tax: $13,884
Description
Prime Montclair Opportunity! Live Smart Or Invest Wise!legal 2-family On Desirable North Willow St! 3,563 Sf Total Living Space On 4,636 Sf Lot. Built 1907, Effective Age 10 Yrs, Well-maintained Unit #1 (1st Floor) - Vacant & Ready: 4 Bed, 1 Bath, 1,493 Sf. Perfect For Owner-occupant Or Select Your Ideal Tenant!unit #2 (2nd Floor) - Premium Income: 6 Bed, 3 Bath, 2,071 Sf. Rare Large Unit With Strong Rental Demand.owner-occupant Opportunity: Live For Just $2,161/mo Effective Cost! With Simple $10k-$15k Upgrades To Unit #2 (kitchen, Baths, Finishes), Rent At $5,000/mo While Tenant Covers 70% Of Your Total Housing Expenses. Comparable Homes Rent For $4,500-$6,500/mo - You Live For Less Than Half That While Building Equity In A $1.149m Asset!investor Value-add: Current Income $100k+/yr. Strategic $12.5k Renovation Increases Noi To $69,688 (6.06% Cap Rate) And Creates $31k-$51k Instant Equity. Self-managed Cash Flow $930/mo With 15-17% Total Annual Returns Including Appreciation & Tax Benefits.property Tax $14,345/yr. Flood Zone Ae - Estimated Flood Insurance $1,300-$1,700/yr (verify On Fema Website)location: Walk To Schools, Downtown Montclair, Nyc Transit. Established Neighborhood With Strong Appreciation History.perfect For Savvy Buyers Seeking Affordable Homeownership Or Value-add Investors! Don't Miss This Rare Legal 2-family With 6-bed Premium Unit!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
14
Basement:
Yes - Full, Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
38X122 IRR
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
6
Bathrooms:
3
Total Rooms:
8
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Montclair Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$1,149,000
Tax Amount:
$13,884
Land Assessment:
$173,500
Build. Assessment:
$234,500
Total Assessment:
$408,000
Tax Rate:
3.40
Tax Year:
2024
Listing Information
MLS ID:
3999658
List Date:
11-29-2025
Days On Market:
17
Listing Broker:
IMPROOV HOMES
Listing Agent:
Imbar Meidani
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: WillowWalkCondos.com
