$995,900
ATTENTION INVESTORS: TENANT IN PLACE & BEING SOLD AS A RENTAL PROPERTY!!! Quality tenants in place in this like new two-family home. 2 leases in place. One lease recently signed for 2 years at $3,500/month and the other lease is signed at $2300/month and has one year remaining. Yearly Financials:… Read More Rent: $69,600 Property Taxes: $9,512, Sewer Costs: $400 Net Operating Income: $58,728 Walk to everything in Morristown location (train, school, downtown). Fully reconstructed home with all new everything. Laundry is private and inside the units. Off Street parking spaces. Top notch insulation and soundproofing in walls and ceilings. Rebuilt masterfully and with great care. Sizable backyard. Bathrooms are spacious with great water pressure from the new plumbing. Good ceiling height with tons of natural light, solid hardwood hickory floors. Kitchen countertops and backsplash are solid quartz and cabinets / vanities are solid wood. This property is being offered as a rental investment with a tenant already in place. The owner is seeking to sell it as part of a rental property package alongside MLS#4020634, MLS#4020635, MLS#4020616. Owner may consider selling individual properties. Read Less
Courtesy of COMPASS NEW JERSEY, LLC.
Listing Snapshot
Days Online
22
Last Updated
Property Type
Other
Beds
4
Square Ft.
1,183
Lot Size
0.13 Acres
Year Built
1906
MLS Number
4020574
30 Days Snapshot Of 07960
$1.20M
+16%
(avg) sold price
25
+31%
homes sold
52
-27%
(avg) days on market
Snapshot
Area Map
Additional Details
Basement
Unfinished, Yes
Building
Built in 1906, Renovated in 2024
Cooling
1 Unit
Expenses
Expenses: Insurance, Taxes
Exterior Features
Aluminum Siding, Curbs, Deck, Privacy Fence, Sidewalk
Water Features
Electric, Gas, Public Water, Water Charge Extra
Heating
Gas-Natural, 1 Unit
Interior Features
Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector
Lot
Approximate Lot Size: 5528SF, 0.13 acres, Level Lot
Parking
2 parking spaces, 2 Car Width, Blacktop
Property
1,183 sqft building, 2 units, FHA Age Restricted: No
Roof
Asphalt Shingle
Sewer
Public Sewer, Sewer Charge Extra
Taxes
Annual Tax Amount: $6,892, Tax Rate: 1.760
Unit One
2 bedrooms, 3 bathrooms, 1,300 sqft, Handicap Accessibility: No, Dishwasher, Microwave Oven, Range/Oven - Electric, Smoke Detector, Stackable Washer/Dryer
Unit Two
1 bathroom, 1 bedroom, 650 sqft, Handicap Accessibility: No, Dishwasher, Range/Oven - Electric, Smoke Detector, Stackable Washer/Dryer, Sump Pump
Utilities
Electric, Gas-Natural, Cable TV Available, Fiber Optic Available, Garbage Included
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Yesenia Alcivar
Realtor

Thank you for reaching out! I will be able to read this shortly and get ahold of you so we can chat.
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Listing Information © Garden State MLS. All Rights Reserved.
All information contained herein deemed reliable but not guaranteed. Buyers should personally verify all information. GSMLS Data provided via Home Junction, Inc.

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