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191 Bellevue Ave

Montclair Twp., NJ 07043
  • $4,995,000
  • STATUS: Active Under Contract
  • ON SITE: 139 Days
  • MLS #: 3817034
Under Contract
UPDATED: 67 min ago
$4,995,000
  • 0
    BEDS
  • 0.46
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 15,852
    SQFT
  • $315
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1927
County:

School Ratings & Info

Description

RARE opportunity to own a 21 unit apartment building in Upper Montclair. Located steps from Upper Montclair's shopping, restaurants and Midtown Direct train and bus service, this building features sun filled apartments with high ceilings, parquet floors, some stained glass windows, six 5 room apartments, six 4 room apartments and 9 3 room apartments, including 3 garden units. Brick and stucco building. Coin operated washers and dryers in the basement as well as bicycle racks. Parking for 19 cars in the rear. Fully rented building with all apartments having 1 year leases. Recent roof work completed and new boiler installed recently. Some newer windows. Income and expense figures available. Huge upside rent potential. Landlord pays gas, all apartments have separate electric, super onsite.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-03-29T18:46:46.63.
www.providentlegacyres.com/homes/134658302
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191 Bellevue Ave Montclair Twp., NJ 07043

  • Price: $4,995,000
  • Status: Active Under Contract
  • On Site: 139 Days
  • Updated: 67 min ago
  • MLS #: 3817034
0
Beds
0
Baths
0
½ Baths
0.46
Acres
15,852
SQFT
$315
$/SQFT
1927
Built
Neighborhood:
Upper Montclair
County:
Essex
Area:
Montclair Twp.
Property Description
RARE opportunity to own a 21 unit apartment building in Upper Montclair. Located steps from Upper Montclair's shopping, restaurants and Midtown Direct train and bus service, this building features sun filled apartments with high ceilings, parquet floors, some stained glass windows, six 5 room apartments, six 4 room apartments and 9 3 room apartments, including 3 garden units. Brick and stucco building. Coin operated washers and dryers in the basement as well as bicycle racks. Parking for 19 cars in the rear. Fully rented building with all apartments having 1 year leases. Recent roof work completed and new boiler installed recently. Some newer windows. Income and expense figures available. Huge upside rent potential. Landlord pays gas, all apartments have separate electric, super onsite.
Exterior Features

Approximate Lot Size 20000 SQ FT Construction Brick/BlockSee Remarks Exterior Description Brick/BlockSee Remarks Location Freestanding Lot Description Level Lot Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Blacktop Roof Description Fiberglass

Interior Features

Basement Yes Basement Description Full Cooling See Remarks Equipment Available Fire AlarmSmoke Detector Floors LaminateParquet Heating 1 UnitRadiators - Steam Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 0 Office Sq Ft 0

Property Features

Available Immediately Expenses Include ElectricityGas/OilInsuranceSnow RemovalTaxesTrashWater/Sewer For Sale Or Lease For Sale Fuel Type Gas-Natural Gross Operating Income 442599 Net Operating Income 272666 Owner Pays GasHeatHot WaterMaintenance-LawnSewerSnow RemovalTrash RemovalWater Permitted Use Apartment Building Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number 0 Tax Amount 79531 Tax Rate Amount 3.231 Tax Rate Year 2021 Tax Year 2021 Tenant Pays Electric Total Operating Expense 173532 Utilities Gas In StreetGas-Natural Utilities Paid By Other Water Public Water Year Built Description Approximate Zoning Nc

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 973-310-7360.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Provident Legacy Real Estate Services, LLC. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Provident Legacy Real Estate Services, LLC are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-03-29T18:46:46.63.
 
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Provident Legacy Real Estate Services, LLC
177 Broadway
Bayonne NJ, 07002