100 Claremont Ave , Verona Twp., New Jersey 07044-2804
100 Claremont Ave , Verona Twp., New Jersey 07044-2804
$900,000
Description
Stabilized 3-unit property delivering strong current income with built-in upside. All units leased, generating $4,887.50/month in residential rents plus $230/month from a separately rented garage. $61,410 gross annually. Unit mix: two 2-bedroom/1-bath and one 1-bedroom/1-bath. All units separately metered with tenants paying their own utilities, keeping operating expenses low and cash flow predictable. In-basement laundry, plus assigned parking for each unit. Current rents are below market comparable units in Verona support an additional $200/month per unit at lease expiration, providing a clear path to increased returns without renovation. Lease expirations stagger through 2026, offering stabilized income today with natural rent reset opportunities ahead. Verona’s rental demand remains strong, driven by top-rated schools, a walkable downtown, and direct NYC transit access. A clean, income-producing asset in a high-demand market. Perfect for the buy-and-hold investor looking to add a performing property to their portfolio.
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+"ModificationTimestamp": "2026-04-21T08:13:44Z"
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+"ListPrice": "900000"
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+"City": "Verona Twp."
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+"UnparsedAddress": "100 Claremont Ave, Verona Twp., Essex 07044-2804"
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+"YearBuilt": "1921"
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+"PublicRemarks": "Stabilized 3-unit property delivering strong current income with built-in upside. All units leased, generating $4,887.50/month in residential rents plus $230/month from a separately rented garage. $61,410 gross annually. Unit mix: two 2-bedroom/1-bath and one 1-bedroom/1-bath. All units separately metered with tenants paying their own utilities, keeping operating expenses low and cash flow predictable. In-basement laundry, plus assigned parking for each unit. Current rents are below market comparable units in Verona support an additional $200/month per unit at lease expiration, providing a clear path to increased returns without renovation. Lease expirations stagger through 2026, offering stabilized income today with natural rent reset opportunities ahead. Verona's rental demand remains strong, driven by top-rated schools, a walkable downtown, and direct NYC transit access. A clean, income-producing asset in a high-demand market. Perfect for the buy-and-hold investor looking to add a performing property to their portfolio."
+"ArchitecturalStyle": "3-Three Story"
+"AttributionContact": "973-227-7000"
+"Basement": "Bilco-Style Door, Unfinished"
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+"CreationDate": "2026-04-30T07:11:04.190351+00:00"
+"DaysOnMarket": "22"
+"Directions": "Westbound Bloomfield Ave. right turn Elmwood Rd, right turn Claremont Ave./Eastbound Bloomfield Ave.left turn Elmwood Rd, right turn Claremont Ave."
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+"NumberOfUnitsTotal": "3"
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+"OriginalEntryTimestamp": "2026-03-30 07:16:11.0"
+"ParcelNumber": "1620-00807-0000-00029-0000-"
+"PhotosChangeTimestamp": "2026-03-30T10:19:35Z"
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+"Possession": "See Remarks"
+"Roof": "Asphalt Shingle"
+"RoomsTotal": "11"
+"Sewer": "Public Sewer"
+"StateOrProvince": "Essex"
+"StreetName": "Claremont Ave"
+"StreetNumber": "100"
+"TaxAnnualAmount": "13915"
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+"TaxYear": "2025"
+"Utilities": "Electric, Gas-Natural"
+"WaterSource": "Public Water"
+"Township": "Verona Twp."
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+"GSMLS_UnitType1TotalRent": "1897"
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