$220,000 Condo
$220,000 Condo
1283 Valley Road, Unit 7
Montclair, NJ 07043
1 Bedroom
1 Full Bath, 0 Half Bath
Basement: None
Garage: O/See Remk,Pkg Spc Out
Taxes: $3,751
Maintenance: $ 382.00
Listed 10/26/2025
By Hugo A. Palacios
Keller Williams Village Square Realty

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 termâ€â€쳌offering 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 â€â€쳌 cash buyers only. Showings by appointment only with 24-hour notice.