Welcome to 99 Valley Road, a great 12-unit multifamily in Montclair. This is a turnkey investment of a licensed Class A rooming house. The property consists of three studio apartments and nine private single-occupancy rooms. The studio apartments have a full kitchen and bath, while the single rooms have no kitchen and shared bath. There are no temporary tenants as all units are on one-year leases; most tenants have been there for two to three years or more. The property is easy to rent and maintain and is currently producing $80k NOI. Located on Valley Road, close to Bloomfield Avenue, the property boasts many upgrades, including a new gas furnace, new chimney liner, a re-paved parking lot for six cars, (60x130 Lot Size), and a new washer and double dryer in the laundry area; all units have been painted, and many have new flooring, circuit breaker electrical panel. The common hallway and bathrooms have also been updated. Maintenance-free vinyl siding is on the exterior. 99 Valley Road is up to date with state registration with no violations.