$ 1,799,000
26 Franklin Place Morristown Town, NJ 07960
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Listed by Michele Zyska • Serhant New Jersey LLC • (646) 480-7665
$ 1,799,000
Est. payment | /mo
6 Beds
7 Baths
$ 1,799,000
Est. payment | /mo
6 Beds
7 Baths
Key Details
Property Type Multi-Family
Sub Type 4 Family
Listing Status Contingent
Purchase Type For Sale
MLS Listing ID 24029040
Style 4 Family
Bedrooms 6
Full Baths 6
Half Baths 2
Annual Tax Amount $22,768
Property Description
Here is your chance to own a 4 unit building on a picture perfect street in the heart of Morristown, with ample parking and tons of upside! Located on a wide, tree-lined street, between South St. & Morris and equidistant to the Morristown Green, 287 and the Morristown Train Station, you will not find a better location! Currently, this property consists of 4 units in total, 3 in the front house and 1 in the separate carriage house located in the back of the property. 1st floor was used as a doctor's office, and would be ideal for the owner occupant looking to purchase an income property while opening their own business in the professional office space below. Or, you can look into renovating the 1st floor professional space into 1 or 2 more residential units (Please check with the town and do your own due diligence on what could be allowed). 2nd, 3rd and Carriage house residential units are all nicely renovated as of 2022/23 and have fantastic tenants who are all looking to stay.
Location
State NJ
County Morris
Area Morristown Town
Interior
Heating Gas
Fireplaces Type 2 Fireplaces
Laundry In Unit
Exterior
Exterior Feature Wood Shake
Garage None
Utilities Available Sep Elec, Sep Gas, Sep Heat, Sep Water
Waterfront Description None
View East
Building
Lot Description Regular
Architectural Style Top/Btm
Others
Ownership Private
Miscellaneous None
