7721 E 14th Avenue

7721 E 14th St is a 6 unit apartment building located just on the edge of the popular Montclair Neighborhood. With a walk score of 76, tenants enjoy easy access to shopping, dining, and transportation just steps away. All 6 units are renovated 1bed/1bath in a side by side layout which is always preferred by both tenants and investors alike. Investors have multiple options with this property which is situated in an opportunity zone on a hard corner 15,200 SF lot including cash flowing as-is, converting them to condos, or potentially selling to a developer in the future due to the large lot. Additionally, there are 6 garage spaces which are income producing and valuable in this high density neighborhood. The property has received extensive renovations over the last 5 years including: a new roof, new windows, new paint & landscaping, new sewer lines, refurbished boiler, and adding laundry to some of the units. All the tenants are billed back for utilities in addition to the rent and they pay for electricity directly in their names due to having separate electric meters.

Listing Office: NorthPeak Commercial Advisors, LLC