ADDRESS
62 E Park Place
Morristown, NJ 07960
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$899,000
81 Days On Site
289 White Bridge RdFranklin Twp., NJ 08867
For Sale|Multi Family|Active
0
Beds
0
Full Baths
0
Partial Baths
3,987
SqFt
$225
/SqFt
1930
Built
County:
Hunterdon
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It is rare to find multi-family investment property also featuring a US Post Office. The government entity has a 99 yr lease option, and the residential units are on yearly leases that end December 31st of each year. 2 Studios, a 1 bdrm, and a 2 bdrm are offered also in this multi-faceted investment property. A cottage and 2 car garage are two other points of income. Please see media of listing for rental income breakdown. L shaped country style structure with over 2 acres and a new septic installed in 2018. Seller spent a lot of time, money, and energy properly updating all residential units. Excellent ROI even with the modest rents that are in place. Visit us very soon!
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Listing Snapshot
Price
$899,000
Days On Site
81 Days
Bedrooms
N/A
Inside Area (SqFt)
3,987 sqft
Total Baths
N/A
Full Baths
N/A
Partial Baths
N/A
Lot Size
2.21 Acres
Year Built
1930
MLS® Number
3943959
Status
Active
Property Tax
$11,089
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 4 weeks ago | Price changed to $899,000 | |
| 3 months ago | Listing first seen on site |
General Features
Acres
2.21
Number Of Stories
2
Parking
Shared Driveway
Parking Spaces
20
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Septic Tank
SqFt Total
3987
Water Source
WellPrivate
Zoning
NB
Interior Features
Basement
Crawl SpaceUnfinished
Flooring
CarpetLaminateTileWood
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Exterior Features
Construction Details
Vinyl SidingWood Siding
Lot Features
LevelWoodedOpen Lot
Roof
AsphaltMetal
Listing courtesy of BHHS FOX & ROACH 9083916863
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Neighborhood & Commute
Source: Walkscore
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