70 N Willow St

Montclair Twp., NJ 07042

Beautifully updated 1907 Victorian legal 2-family in Montclair's most walkable neighborhood (Walk Score 96/100). Exceptional opportunity for owner-occupants or investors. PROPERTY: Appx. 3,500 sq ft, 9BR/2BA total. Unit 1 (1st floor): 4BR/1BA. Unit 2 (2nd floor): 5BR/1BA. 2-car garage, 4,636 sq ft lot. RECENT UPDATES: Modern kitchen w/granite counters & SS appliances, refinished original hardwood floors, fresh paint, updated siding, contemporary lighting throughout. INVESTMENT HIGHLIGHTS: Strong 5.63% cap rate, low taxes ($14,345/yr), turnkey condition, excellent rental market. Current rental potential: $91,200/yr ($3,600+$4,000/mo).OWNER-OCCUPANT BENEFITS: Live for $3,111-$3,511/mo effective cost while tenant covers 44-51% of housing expenses. Save $489-$989/mo vs. renting while building $265K-$295K equity over 5 years through rent savings, principal paydown & appreciation. LOCATION: Top schools (8/10 rating), 35-min NYC via NJ Transit (6 stations nearby), walk to downtown dining/shopping, Montclair Art Museum, Wellmont Theater, parks. FEATURES: Multi-zone HVAC, public utilities, wood-burning stove, deck, stone foundation, separate utilities per unit, original Victorian details w/modern updates. Perfect for house-hacking or long-term appreciation play!