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Listed by Hugo A. Palacios Keller Williams Village Square Realty
$220,000
Est. payment /mo
1 Bed
1 Bath
UPDATED:
Key Details
Property Type Condo, Townhouse
Sub Type Condo
Listing Status Active
Purchase Type For Sale
MLS Listing ID 25038244
Style Condo
Bedrooms 1
Full Baths 1
HOA Fees $382/mo
HOA Y/N Yes
Annual Tax Amount $3,751
Property Sub-Type Condo
Property Description
Investor Opportunity – Cash Buyers Only Welcome to 1283 Valley Road, Unit 7, an excellent turnkey investment opportunity located in one of Montclair’s most desirable and vibrant neighborhoods. This charming ground-level 1-bedroom, 1-bath condo is part of a beautifully restored Victorian home just steps from Montclair State University, dining, shopping, and NYC transportation. The unit is currently tenant-occupied with a lease in place through May 21, 2026, generating $1,900/month in rental income, with the tenant expressing interest in staying beyond the lease term—offering investors stable, immediate cash flow. Inside, the apartment features a renovated kitchen with granite countertops, a marble backsplash, and stainless steel appliances, along with a modern bathroom, freshly painted walls, and updated fixtures. Residents enjoy off-street parking and a PET-FRIENDLY community. Low annual taxes ($3,661) and a $382 monthly HOA fee that includes heat, hot water, insurance, landscaping, snow removal, water, and sewer make this a truly attractive, low-maintenance investment. Note: Building is non-warrantable — cash buyers only. Showings by appointment only with 24-hour notice.
Location
State NJ
County Essex
Building/Complex Name None
Rooms
Basement None
Interior
Cooling Win/AC
Fireplaces Number None
Fireplace Yes
Appliance Dishwasher, Ov/Rng/Ele, Refrigerator
Exterior
Amenities Available Common Area
Waterfront Description None
Building
Lot Description 1st Flr Primary Bdrm, Close/Parks, Close/School, Close/Shopg, Close/Trans, Close/Wrshp, One Floor Living
Schools
Elementary Schools Call B.O.E.
High Schools Call B.O.E.
Others
Ownership Private
Miscellaneous None
Virtual Tour https://my.matterport.com/show/?m=vjWj4JRWxp6&mls=1
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