ADDRESS
62 E Park Place
Morristown, NJ 07960
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$565,000
132 Days On Site
889 Amwell RdHillsborough Twp., NJ 08844
For Sale|Duplex|Active
5
Beds
4
Total Baths
2
Full Baths
2
Partial Baths
2,550
SqFt
$222
/SqFt
1820
Built
County:
Somerset
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REDUCED - Rare Investment opportunity in Hillsborough Township, 2 Unit Multi-Family Home. 3 Bedrooms, 1 1/2 Baths in unit A and 2 Bedrooms, 1 1/2 Baths in Unit B. Both units have central A/C, separate heat, separate electric and split the public water. Present cap rate is 7.695, with a little TLC you can achieve a market cap of over 9% at present market rents. Live in one side and rent the other side to have your Tenant help pay your mortgage. No matter how you look at it, this can be a life changing investment!
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Listing Snapshot
Price
$565,000
Days On Site
132 Days
Bedrooms
5
Inside Area (SqFt)
2,550 sqft
Total Baths
4
Full Baths
2
Partial Baths
2
Lot Size
0.54 Acres
Year Built
1820
MLS® Number
3958872
Status
Active
Property Tax
$8,578
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 4 weeks ago | Price changed to $565,000 | |
| 4 weeks ago | Listing updated with changes from the MLS® | |
| 2 months ago | Status changed to Active | |
| 4 months ago | Listing first seen on site |
General Features
Acres
0.54
Carport
9
Parking
Off Street
Parking Spaces
9
Property Sub Type
Duplex
Security
Smoke Detector(s)
Sewer
Septic Tank
SqFt Total
2752
Style
Duplex-Side by Side
Utilities
Cable Available
Water Source
Public
Interior Features
Appliances
Electric Water Heater
Basement
Unfinished
Cooling
Attic FanCeiling Fan(s)Central Air
Flooring
CarpetTileVinyl
Heating
BaseboardOil
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Exterior Features
Construction Details
Vinyl Siding
Lot Features
Level
Patio And Porch
DeckPorch
Roof
Asphalt
Windows/Doors
Storm Door(s)
Schools
School District
Unknown
Elementary School
WOODFERN
Middle School
HILLSBORO
High School
HILLSBORO
Listing courtesy of RE/MAX HERITAGE PROPERTIES
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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