70 N Willow St
Montclair Twp, NJ 07042
Price: $1,149,000
GSMLS: 3999658Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 10
Baths: 4 Full
Garage: No
Year Built: 1907
Acres: 0.00
Property Tax: $13,884
Description
PRIME MONTCLAIR OPPORTUNITY! Live Smart or Invest Wise!Legal 2-family on desirable North Willow St! 3,563 SF total living space on 4,636 SF lot. Built 1907, effective age 10 yrs, well-maintained UNIT #1 (1st Floor) - VACANT & READY: 4 bed, 1 bath, 1,493 SF. Perfect for owner-occupant or select your ideal tenant!UNIT #2 (2nd Floor) - PREMIUM INCOME: 6 bed, 3 bath, 2,071 SF. Rare large unit with strong rental demand.OWNER-OCCUPANT OPPORTUNITY: Live for just $2,161/mo effective cost! With simple $10K-$15K upgrades to Unit #2 (kitchen, baths, finishes), rent at $5,000/mo while tenant covers 70% of your total housing expenses. Comparable homes rent for $4,500-$6,500/mo - you live for less than half that while building equity in a $1.149M asset!INVESTOR VALUE-ADD: Current income $100K+/yr. Strategic $12.5K renovation increases NOI to $69,688 (6.06% cap rate) and creates $31K-$51K instant equity. Self-managed cash flow $930/mo with 15-17% total annual returns including appreciation & tax benefits.Property tax $14,345/yr. Flood zone AE - Estimated Flood insurance $1,300-$1,700/yr (Verify on FEMA website)LOCATION: Walk to schools, downtown Montclair, NYC transit. Established neighborhood with strong appreciation history.Perfect for savvy buyers seeking affordable homeownership OR value-add investors! Don't miss this rare legal 2-family with 6-bed premium unit!
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
14
Basement:
Yes - Full, Unfinished
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
38X122 IRR
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
On-Street Parking
Parking:
On-Street Parking
Spaces Available:
n/a
Unit 1
Bedrooms:
4
Bathrooms:
1
Total Rooms:
6
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water
Handicap:
No
Unit 2
Bedrooms:
6
Bathrooms:
3
Total Rooms:
8
Room Description:
Bedrooms, Eat-In Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
2 Units, Forced Hot Air
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Montclair Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$1,149,000
Tax Amount:
$13,884
Land Assessment:
$173,500
Build. Assessment:
$234,500
Total Assessment:
$408,000
Tax Rate:
3.40
Tax Year:
2024
Listing Information
MLS ID:
3999658
List Date:
11-29-2025
Days On Market:
42
Listing Broker:
IMPROOV HOMES
Listing Agent:
Imbar Meidani
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: TheForgesDenville.com
