59 Willet StBloomfield, NJ 07003

Property Details for 59 Willet St

Year built

2016

Lot size

0.65 AC

Property size (Sq ft)

999 SF

Property type

Other apartment buildings

Property subtype

Residential income properties

Description

This exceptional 18-unit luxury apartment building, completed in 2016, presents a lucrative investment opportunity in the desirable Bloomfield, NJ market. The property boasts a total of 999 square feet on a 0.65-acre lot and is comprised of seventeen spacious two-bedroom, two-bathroom units with open floor plans, and one additional unit. First-floor units feature attached garages with direct unit access and private patios, offering residents unparalleled convenience and privacy. Seven second-floor units, each spanning 1,100 square feet, showcase open-concept layouts and private balconies, while the seven third-floor units provide even more expansive living spaces at 1,500 square feet, complete with lofts and private balconies. All units are meticulously designed and feature high-end finishes including hardwood floors, in-unit washer/dryers, stainless steel appliances (including dishwashers and microwaves), and central air conditioning. The building's prime location offers easy access to major highways, the vibrant downtown Montclair area, and convenient train transportation. Each unit includes two designated parking spots, and utilities are separately metered for efficient management. This turnkey investment property is poised for strong rental income and significant appreciation, making it an ideal addition to any portfolio. The asking price is $7,000,000.

Location Insight

City

Bloomfield

County

Essex

State

New Jersey

Latitude

40.7953

Longitude

-74.1796

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