Upper Montclair Colonial w Rental Income
Welcome to this charming Upper Montclair colonial with a twist! Functioning primarily as a single-family home, this rare property offers the next owner the opportunity to enjoy Montclair living while bringing in extra income via a third-floor rental.
A colonial with Victorian flourishes, this unusual property boasts an inviting wraparound lemonade porch, central air, mature landscaping and a 2-car garage, and is convenient to Upper Montclair Village, the town pool, Presby Iris Gardens, the 157-acre Mills Reservation, Route 3, the Garden State Parkway, New York bus and train and more.
The main living space comprises the finished basement, first and second floors, and has 4 bedrooms and 2.1 baths; the second unit, self-contained on the third floor and accessed through a separate entrance, features 1 bedroom, an eat-in kitchen, a full bath, tons of storage, and produces fabulous income to offset property taxes.
Head up the landscaped lawn to the enchanting private wraparound porch and enter through the front door into the main foyer with hardwood floors and 2 closets. From the foyer, a set of French doors open to the formal dining room with hardwood floors, crown molding and 2 built-in hutches.
The spacious living room features a new gas fireplace, crown molding and a door to the wraparound porch.
The eat-in kitchen sports mission style custom cabinets, wainscoting, recessed lights, undermount lighting, a ceiling fan, pendant lights, subway tile backsplash, gorgeous granite counters, stainless steel appliances and access to the basement and backyard. There’s also a full bath with shower and pedestal sink.
The second floor features 4 generous bedrooms, all with ceiling fans and hardwood floors, as well as a full bath with pedestal sink and tub/shower, storage closet and linen closet in the hall. The storage closet was once home to the stairs to the third floor, making it possible restore the home back to a single family, if desired.
The full walk-out finished basement with recessed lighting sports family room, utility room, laundry room with sink, storage room, and powder room.
The private and lovely fenced backyard has a paver stone patio, landscaping, a lawn and a large 2-car garage.
Accessed through a separate entrance at the back of the home, unit 2 with central air, has a landing with storage, a living room with wall sconce and closet, and an eat-in kitchen with storage and self-cleaning oven. The full bath has a claw foot tub with shower, while the bedroom has a ceiling fan and additional storage.
Rent the third floor for income, enjoy extended family living, or change the home back to a single family. This is a great opportunity to own a rare and versatile property in Upper Montclair!
