ADDRESS
62 E Park Place
Morristown, NJ 07960
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SUBSTANTIAL RENOVATIONS JUST COMPLETED! Turn-key 9-unit investment property with over $186,000 of income + potential for even more! You couldn't ask for a more solid investment with great cash flow from day one, long-term tenants and below-market rate rents with a tremendous upside for added income! Landmark corner property featuring nearly 6,000 SF mixed-use building with Retail/Deli, 3 Apartments above, Separate Garage & large on-site parking lot PLUS adjoining Multi Family property with approx. 4,500 SF building featuring 5 apartments. Fully rented and tenants pay their own utilities! The Deli space has natural gas heat and central air. Apartments are elec baseboard heat. Recent improvements include NEW roofs, thermal pane windows & siding! Great location just minutes from Flemington and convenient to Princeton. Offered for sale as a package or buy the mixed-use corner property for $825,000 and 5 Family property for $925,000.
a month ago | Listing updated with changes from the MLS® | |
2 months ago | Price changed to $1,750,000 | |
2 months ago | Listing first seen on site |
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