39 S Willow St

Estimated Monthly Payment: $16,927/mo 39 S Willow St, Montclair Twp., NJ 07042 MLS# 3547598 Commercial Listing Status: Active
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REMARKS:

Adjacent to the new $135 million Montclair Redevelopment Project, The Willows Home is a 15-Unit facility catering primarily to retired military veterans.They provide rooming and three daily meals to tenants; No nursing care is provided. This is a three-story building above the ground-floor level. The first floor has a community family room, dining room, living room, kitchen, along with two tenant bedrooms, and three bathrooms. The ground floor has 5 bedrooms and 4 bathrooms, and the second floor has 8 bedrooms and 4 bathrooms. The third floor is designated for staffing and has an open family area and 4 bedrooms. At a 6.3 CAP this is a great investment opportunity. THIS PROPERTY CAN ALSO BE DEVELOPED AS NEW CONDOS WITH A MINIMUM OF SIX UNITS.

OVERVIEW:

Commercial
Active
See Remarks
1897
See Remarks
Composition Shingle
Blacktop, Off-Street Parking
2 Units, Radiators - Steam
OilAbOut
Window A/C(s)
Public Water
Public Sewer
Electric, Gas-Natural

FEATURES:

Carpeting, Tile, Wood

ROOM INFO:

Finished

FINANCIAL:

$2,950,000
$41,694
2018

NEIGHBORHOOD & SCHOOL INFORMATION:

Broker Reciprocity Courtesy of COLDWELL BANKER REALTORS

 

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