The Evart Street Apartments are located on the south side of Evart Street between Kingsley Street and Orchard Street. With the nearest major cross street being Mills and Holt Avenue, this unique and rare multifamily property is situated a quiet corner lot surrounded by Single Family Residences. It is walking distance to Lehigh Elementary and Montclair High Schools while being only 3 miles from the prestigious Claremont Colleges. Built in 1961, the Evart Street Apartments consist of two contiguous parcels. Current ownership has completed extensive renovations with additional rental upside. Interior and exteriors renovations include new paint, flooring, appliances, bathrooms, kitchens, landscaping, and barbecues in common areas. The Evart Street Apartments are a stable income-producing, value-add property and a long-term investment. It is located in a desirable, non-rent controlled area and offers growth and stability for any type of investor whether it may be a first-time purchaser, seasoned investor, or 1031 exchange opportunity.
中文描述