1283 Valley Road 7, Montclair, NJ 07043

• 1 bed |
• 1 bath

Property Description

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.

Listing Status:

Active

Date Added:

October 26, 2025 at 05:00AM

Listing Office:

Keller Williams Village Square Realty : 201-445-4300

Listing Agent:

Hugo A Palacios : (973) 670-7046

MLS ID:

25038244

Interior

• Basement: None
• A/C: Win/AC
• Heating: BaseboardGas
• Fireplace: Fireplace

Exterior

• Parking: O/See RemkPkg Spc Out

Location

• County: ESSEX

Lot

• View: EastNY ViewView

Financial

• Ownership: Private

This listing courtesy of Hugo A Palacios, Keller Williams Village Square Realty