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Patric Santo Pietro

[email protected] +1(732) 570-5442

Listed by Laurena White Prominent Properties Sotheby's International Realty-Montclair

$ 1,600,000

Est. payment -/mo

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41 Mission ST Montclair, NJ 07042

7 Beds

4 Baths

UPDATED:

Key Details

Property Type Multi-Family

Sub Type 4 Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 26014551

Style 4 Family

Bedrooms 7

Full Baths 4

Property Sub-Type 4 Family

Property Description

Exceptional investment opportunity in the heart of Montclair! 41 & 43 Mission Street are being offered together, presenting two adjacent lots. 41 Mission featuring a grandfathered three-unit property and 43 Mission along with a shared gravel parking area. All four units are currently tenant-occupied, generating approximately $107,000 in annual income, making this an ideal turnkey investment with immediate cash flow. The three-family at 41 Mission was fully gut renovated in 2022 and showcases modern upgrades throughout, including vinyl plank flooring, updated kitchen appliances, new plumbing and electrical systems, new windows, furnaces, hot water heaters, and the added convenience of a washer and dryer in the basement. The single-family home at 43 Mission offers additional income potential or future redevelopment flexibility. Zoned R2, this unique offering provides multiple paths for value creation. Investors may choose to maintain the current income stream by extending tenant leases or explore redevelopment opportunities, including converting the single-family to a two-family or reimagining both lots once leases expire. Ideally located near NYC direct train access, Glenfield School and Park, and Montclair's vibrant restaurant and shopping scene, this property combines strong income with long-term upside in a prime location. A 3D Matterport tour is available for virtual preview. Detailed expense information will be provided to qualified buyers upon request

Location

State NJ

County Essex

Interior

Laundry None

Others

Virtual Tour https://listings.vmdpros.com/sites/u/rojvqaxd

NEARBY SCHOOL & BUSINESS

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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Patric Santo Pietro

41 Mission ST Montclair, NJ 07042

Key Details

Location

Interior

Others

NEARBY SCHOOL & BUSINESS

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41 Mission ST