99 Valley Rd
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99 Valley Rd
12 Unit Dormitory £1,073,729 (£89,477/Unit) 5.95% Net Initial Yield Montclair, NJ 07042
Investment Highlights
- Nice clean multi family with long term tenants (8 more than 2 yrs, 6 more than 3 yrs)
- walking distance to whole foods, quick check, and bloomfield ave shops
- Well maintained and easy to rent
Executive Summary
12 unit Class A rooming house- Consists of 3 studio apartments and 9 private single occupancy rooms (all on 1 year leases) and parking for 6 cars.
Located in lovely area of Montclair, close to Bloomfield ave, the property boasts many upgrades including new gas furnace, new chimney liner, re-paved parking lot, new washer and double dryer in laundry area, all units have been painted and many have new flooring, circuit breaker electrical panel. Common hallway and Bathrooms have also been updated. Maintenance free vinyl siding on exterior. Up to date state registration with no violations.
Located in lovely area of Montclair, close to Bloomfield ave, the property boasts many upgrades including new gas furnace, new chimney liner, re-paved parking lot, new washer and double dryer in laundry area, all units have been painted and many have new flooring, circuit breaker electrical panel. Common hallway and Bathrooms have also been updated. Maintenance free vinyl siding on exterior. Up to date state registration with no violations.
Data Room Click Here to Access
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | £1,073,729 | Building Class | C |
| Price Per Unit | £89,477 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 3,324 SF |
| Net Initial Yield | 5.95% | Average Occupancy | 100% |
| No. Units | 12 | Number of Floors | 3 |
| Property Type | Residential | Year Built | 1892 |
| Property Subtype | Dormitory | Parking Ratio | 1.81/1,000 SF |
| Apartment Style | Low Rise |
| Price | £1,073,729 |
| Price Per Unit | £89,477 |
| Sale Type | Investment |
| Net Initial Yield | 5.95% |
| No. Units | 12 |
| Property Type | Residential |
| Property Subtype | Dormitory |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 3,324 SF |
| Average Occupancy | 100% |
| Number of Floors | 3 |
| Year Built | 1892 |
| Parking Ratio | 1.81/1,000 SF |
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 1+1 | 4 | - | - |
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Walk Score ®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 13-02301-0000-00041 | Total Assessment | £382,576 |
| Land Assessment | £163,267 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £219,310 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
13-02301-0000-00041
Land Assessment
£163,267
Improvements Assessment
£219,310
Total Assessment
£382,576
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | R2 (Residential) |
| R2 (Residential) |
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ASE Valley Realty Llc
99 Valley Rd
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