73 Glenridge Ave Montclair, NJ 07042

This is a rare opportunity to acquire a renovated investment portfolio for sale in Montclair, NJ, situated just one block from the Bay Street Train Station. The properties, fully renovated in 2022, are ideal for 1031 exchange buyers, investment property owners, or an owner-occupant seeking to live in one of the units while generating rental income to offset their mortgage. The portfolio includes 75 Glenridge Ave, which features a 3-family home, a single-family home, a commercial retail space currently used for storage, 13 rentable parking spots, and 3 rentable storage units in the basement. Apartment #1 has 3-bed, 1-bath; Apartment #2 has 3-bed, 1-bath; Apartment #3 has 1-bed, 1-bath; and the house has 3-bed, 1.5-bath plus retail space. Additionally, 73 Glenridge Ave comprises a 2-family home, a finished office at basement level previously used by the owner, 6 rentable parking spots, 3 rentable storage units in the basement, and conceptual renderings to convert the 2nd-floor duplex into a 3-unit rental property. Apartment #1 has 4-bed, 2-bath; Apartment #2 has 4-bed, 2-bath; plus an office. The property spans 99 square feet on a 0.27-acre lot. There is also the opportunity to start your own business or have a separate office on site. All apartments are currently occupied. The properties are located in Essex County.