ADDRESS
62 E Park Place
Morristown, NJ 07960
Due to the health concerns created by Coronavirus we are offering personal 1-1 online video walkthough tours where possible.
Opportunity knocks! Gut-renovated in 2020, this 2-family home on an oversized 49x140 lot offers the perfect combination of modern living, an unbeatable location, and income potential. Located a few blocks from Bay St and Glen Ridge train stations w/ direct service to NYC, this home is a commuter's dream. Steps away, the beautifully renovated Glenfield Park features state-of-the-art playgrounds, lush green spaces, sports facilities, and a new $10M community center. Enjoy a short walk to the nearby Bloomfield Ave arts district and new Ironbound Farmer's Market at Lackawanna Plaza! Perfect for owner-occupants, live in one unit while generating rental income from the other. The property includes off-street parking for 8+ cars, creating additional income opportunities. The oversized lot is ideal for constructing an Accessory Dwelling Unit (ADU) under newly enacted municipal code 347-8. Inside, modern updates blend with timeless charm: loft-like ceilings, abundant natural light, stainless steel appliances, quartz countertops, energy-efficient mini-split HVAC, and exposed brick for added character. Unit 1:1400 sq. ft. duplex w/ 3 bedrooms, 2 full baths, and a private fenced yard with low-maintenance artificial grass.Unit2: Bright 700 sq. ft. open-concept unit w/ 2 bedrooms and 1 full bath. Capitalize on Montclair's thriving rental market while enjoying top-rated schools, vibrant dining, and a welcoming community. This rare opportunity checks every box for living and investing!
2 weeks ago | Listing updated with changes from the MLS® | |
2 weeks ago | Price changed to $1,099,000 | |
2 months ago | Status changed to Active | |
2 months ago | Listing first seen on site |
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