$975,000
For Sale

53 Portland Pl

Montclair, NJ 07042
Browse 15 photos
Type:Multi-Family
Structure:2 Family
Zone:Residential

Description

Welcome Investors and Home Buyers! This multifamily home is perfect for an owner-occupied investor! This charming two-family multifamily home features a vacant second-floor unit, providing an excellent opportunity to live in one unit while generating rental income from the other. Don't miss out on this fantastic investment potential. Discover this stunning late 19th-century wood-framed multifamily unit in the heart of the Bloomfield Ave downtown area of Montclair Township. Perfectly located near NYC bus and NJ Transit for easy commuting, this property features: Two Spacious Units: Each with 3 bedrooms and 1 bathroom. Common Access: Basement and attic accessed via a shared front hall. Charming Enclosed Porches: Enjoy both front and back porches for added living space. Fenced Backyard: A shared, fenced-in backyard offers outdoor relaxation. This property fully rented, brings in $6,220 per month. Newly renovated in 2015, it boasts a modern kitchen, hardwood floors, and updated bathrooms. Each unit has its own private washer/dryer and an allocated enclosed storage cage in the basement.

  • Interior Details
      • InteriorBlinds, Carbon Monoxide Detector, Fire Extinguisher, Smoke Detector, Walk-In Closet, Wood Floors
    • Heating & Cooling
      • HeatingForced Hot Air
      • Heating SourceGas-Natural
    • Beds & Baths
      • Bedrooms6
  • Property Details
      • Exterior FeaturesOpenPrch, Sidewalk, FencVnyl
      • Exterior MaterialsAluminum Siding
    • Parking
      • Parking FeaturesOn-Street Parking
  • Construction Details
      • Property TypeMulti-Family
      • Basement DescriptionUnfinished
      • BasementYes
    • Condition
      • Year Built1892
    • Material information
      • RoofAsphalt Shingle
  • Utilities / Energy Details
      • Sewer InformationPublic Sewer
      • WaterPublic Water
      • Utility FeaturesElectric
  • Community and Neighborhood Details
      • SubdivisionDowntown
  • Other
      • MLS #3933285

Location

Salvatore BocchinoReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
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Loan Amount
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