Exceptional opportunity to own a legal two-family home in the heart of Montclair! Whether you're looking for a solid investment, an owner-occupied property, or a home with future potential, 70 Elm Street offers outstanding flexibility. One unit features 2 bedrooms, 1 full bath, and 1 half bath, while the second offers 3 bedrooms, 1 full bath, and 1 half bath. Both units include in-unit stackable washer/dryers and have separate utilities. Currently generating over $60,000 in annual net rental income, with both tenants expressing interest in staying, this property offers immediate cash flow for investors. The oversized backyard provides endless possibilities for expansion or the addition of a garage (currently no garage). The home can also be converted into a spacious single-family residence. Additional features include a wide blacktop driveway with ample off-street parking. Conveniently located near public transportation, parks, schools, shopping, and restaurants, this is a rare opportunity to own a versatile property in one of Montclair's most sought-after communities. Whether you're investing today or planning for tomorrow, this property is full of potential.
Property Features
Cooling Information
Ceiling Fan(s)
Window Unit(s)
Heating Information
Baseboard
Natural Gas
Basement
Full
Unfinished
Water Features
Public
Utilities
Underground Utilities
Parking
Off Street
School Information
School Information for 70 Elm St, Montclair Twp., NJ 07042
Elementary School
MAGNET
Middle School
GLENFIELD
High School
MONTCLAIR
Listing Courtesy: PROMINENT PROPERTIES SIR - 973-783-6900