163 Park Street
$1,600,000
10
5
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Description
Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops,...Don't miss this incredible opportunity with endless potential! Build your dream home or keep as an investment, incoming producing property! This expansive multifamily residence, currently a 5-unit investment property, is nestled within a single-family zone on a spacious flat lot with ample parking (4 garage spaces, one is currently being rented for $125 per month and each tenant can have 2 outdoor spots) and generous yard space. Ideally located in a prime location- .3 miles to Watchung Plaza shops, cafe's and NYC direct train- and close to Walnut St Farmer's Market too! The property offers the flexibility to remain a 5-family residence or be converted to a single, 2, 3, or 4-family home. Each unit features separate utilities, with paid laundry available in the basement. Surrounded by beautiful homes, the neighborhood would also welcome a single family conversion or new build. The house and garage are being sold in strictly AS IS condition. All units are currently being rented. Bring your architects and/or your contractors!
- Listed by SUSAN LOVIT • COMPASS NEW JERSEY LLC
- Listed by DANA FARBER SCHWERN • COMPASS NEW JERSEY LLC
Property Details for 163 Park Street
Directions
Between Watchung and Chestnut
Days On Market114
LISTING UPDATED: 09/20/2024 04:10 PM
Property Details for 163 Park Street
Status | Active |
---|---|
MLS # | 3921209 |
Days on Market | 114 |
Taxes | $29,520 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Fixer Upper |
Year Built | 1887 |
Lot Size | 0.80 AC / 34,848 SF |
County | Essex County |
Building Information for 163 Park Street
Stories-Residences4Year Built1887Building Size-Lot Size0.80 AC / 34,848 SF
Property Information for 163 Park Street
Property History for 163 Park Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 163 Park Street
Taxable ValueLand$350,000Additions$523,400Total$873,400
Tax Record2023$29,521 ($2,460 / month)
Home Facts
Total Finished SqFt4,945 SqFtAbove Grade Finished SqFt4,945 SqFtStories3Lot Size34,948 SqFtStyleMulti-Family Res (5+ Units)Year Built1887ZoningR1CountyESSEXAPN13 02408-0000-00022
Schools near 163 Park Street
This home is within Montclair Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | K to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 | |||
Public - | K to 5 |
Rating | School | Distance |
---|---|---|
Watchung Elementary School PublicK to 5 | ||
Renaissance Middle School Public6 to 8 | ||
Montclair High School Public9 to 12 | ||
Edgemont Elementary School PublicK to 5 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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