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Matthew De Fede

matthewdefede@realtyexecutives.com +1(862) 228-0554

$ 995,900

Est. payment | -/mo

4 Beds

3.5 Baths

1,183 SqFt

Save

$ 995,900

Est. payment | -/mo

Save

4 Beds

3.5 Baths

1,183 SqFt

Open House

Sat Apr 18, 1:00pm - 4:00pm

Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 1,183 sqft

Price per Sqft $841

MLS Listing ID 4020574

Style 3-Three Story

Bedrooms 4

Full Baths 3

Half Baths 1

Year Built 1906

Annual Tax Amount $6,892

Tax Year 2025

Lot Size 5,662 Sqft

Property Description

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: 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.

Location

State NJ

County Morris

Rooms

Basement Unfinished

Interior

Interior Features Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector

Heating Gas-Natural

Cooling 1 Unit

Heat Source Gas-Natural

Exterior

Exterior Feature Aluminum Siding

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Level Lot

Sewer Public Sewer, Sewer Charge Extra

Water Public Water, Water Charge Extra

Architectural Style 3-Three Story

Schools

Elementary Schools A.Hamilton

Middle Schools Frelghuysn

High Schools Morristown

Others

Senior Community No

Listed by COMPASS NEW JERSEY, LLC

Nearby Locations

"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

11 Cleveland St Morristown Town, NJ 07960