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1283 Valley Road 7, Montclair, NJ 07043

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For Sale

$220,000

1 beds • 1 baths

Estimated Payment

$      /mo. †

APR for 30 years

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Explore this Property

Investor Opportunity â Cash Buyers Only Welcome to 1283 Valley Road, Unit 7, an excellent turnkey investment opportunity located in one of Montclairâ 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 termâ 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 â cash buyers only. Showings by appointment only with 24-hour notice.
MLS# 25038244

Courtesy Of Carnegie Real Estate LLC

(201) 445-4300

Property Features

  • Architecture Style
    Other
  • Heating System
    Baseboard

Map and Directions

Directions to 1283 Valley Road 7, Montclair, NJ 07043

Home seller CENTURY 21 Cedarcrest Realty, Inc.

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Cedarcrest Realty, Inc.

(973) 228-1050
Learn More About Us

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.