100 Claremont Ave, Verona Twp., NJ 07044
100 Claremont Ave, Verona Twp., NJ 07044
100 Claremont Ave, Verona Twp., NJ 07044
100 Claremont Ave, Verona Twp., NJ 07044
100 Claremont Ave, Verona Twp., NJ 07044
100 Claremont Ave, Verona Twp., NJ 07044
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Matthew De Fede

Matthew De Fede

+1(862) 228-0554
$ 900,000
Est. payment | /mo

5 Beds

3 Baths

7,405 Sqft Lot

Save
$ 900,000
Est. payment | /mo
Save

5 Beds

3 Baths

7,405 Sqft Lot

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

MLS Listing ID 4017440

Style 3-Three Story

Bedrooms 5

Full Baths 3

Year Built 1921

Annual Tax Amount $13,915

Tax Year 2025

Lot Size 7,405 Sqft

Property 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.

Location

State NJ

County Essex

Rooms

Basement Bilco-Style Door, Unfinished

Interior

Heating Gas-Natural

Cooling Window A/C(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Vinyl Siding

Parking Features Detached Garage

Garage Spaces 1.0

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Sewer Public Sewer

Water Public Water

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by CENTURY 21 THE CROSSING

Nearby Locations

Matthew De Fede

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(862) 228-0554

matthewdefede@realtyexecutives.com

653 Franklin Ave, Nutley, NJ, 07110, USA

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100 Claremont Ave