99 Valley Rd, Montclair Twp., NJ 07042

← Back to search

$1,290,000

bedrooms

bathrooms

square feet

3,324

Acreage

Open Houses

year built

1892

Full Baths

Half Baths

Find out more

Introducing a premier commercial opportunity Class A rooming house that consist of three studio apartments and nine private single occupancy rooms in charming Montclair, NJ! This licensed rooming house, has been updated in 2021, boasts twelve efficiently designed units and ample off-street parking for up to six vehicles. Each space has been thoughtfully updated, featuring new vinyl flooring and a fresh coat of paint in selected rooms. Common areas shine with new Sheetrock, emergency lighting, and clear exit signage, ensuring a safe and welcoming environment for all occupants.Residents benefit tremendously from on-site conveniences like a pair of coin-operated washers and dryers in the basement simplifying laundry day in a snap! The exterior isn't left behind, with its durable vinyl siding and newly installed roof.Location is prime with proximity to key community sweet spots. The nearby Walnut Street train station and Bloomfield Ave bus stop provide efficient transit options for hassle-free commuting or leisure travels. Perfect for investors, this property is a true income powerhouse without the worry of rent control expected to generate gross income of $130,000 or more with a net income of $83,000. So if you're looking for not just a property, but a fruitful venture, this licensed rooming house may be it.

Location
Subdivision	-
County	Essex
Elementary School	-
Middle School	-
High School	-

Driving directions

Open houses

None scheduled.

Find out more

Tell us who you are, and we will have someone reach out to you.

Name*

Email*

Phone*

Message

I have a house to sell

By proceeding, you consent to receive calls, texts and voicemails at the number you provided (may be recorded and may be autodialed and use pre-recorded and artificial voices), and email, from Kotohomes, Anthony Torres, and their network of service providers about your inquiry and other home-related matters.

Msg/data rates may apply. This consent applies even if you are on a do not call list and is not a condition of any purchase.

MLS number: 3947367

Listing agent: Anthony Torres

Listing broker: Re/Max Select (908) 233-9292

Copyright © 2025 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. [source]

Last update: Tuesday, April 22 2025 at 2:56 p.m. EDT

Kotohomes National