1283 Valley Road 7, Montclair, NJ 07043
Local realty services provided by:CENTURY 21 Semiao & Associates
1283 Valley Road 7,Montclair, NJ 07043
$220,000
- 1 Beds
- 1 Baths
- - sq. ft.
- Condominium
- Active
Listed by: hugo palacios
Office: keller williams village square realty
MLS#:25038244
Source:NJ_MLS
Price summary
- Price:$220,000
About this home
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.
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Home facts
- Listing ID #:25038244
- Added:70 day(s) ago
- Updated:January 08, 2026 at 05:23 PM
Rooms and interior
- Bedrooms:1
- Total bathrooms:1
- Full bathrooms:1
Heating and cooling
- Cooling:Win/AC
- Heating:Baseboard, Gas
Schools
- High school:Call B.O.E.
- Middle school:Call B.O.E.
- Elementary school:Call B.O.E.
Finances and disclosures
- Price:$220,000
- Tax amount:$3,751
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