ADDRESS
62 E Park Place
Morristown, NJ 07960
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Rare Side-by-Side Duplex Opportunity in Prime Somerville Location! This side-by-side 2-family offers a rare opportunity to renovate and build equity in a strong rental market. Each spacious unit features 3 bedrooms, an eat-in kitchen, full dry basement, and a walk-up attic with potential for expansion or additional income-generating space. This 2-story home offers great potential for investors or owner-occupants alike. Cosmetic updates will go a long way to unlock the value in this solid home. Enjoy a covered front porch, fully enclosed back porch, and a fenced-in backyard perfect for pets, gardening, or outdoor entertaining. Located less than a mile from the Somerville Train Station, you can walk there in just 10 minutes! Walk to town in 10 minutes! Downtown Somerville offers a highly desirable lifestyle with high-end restaurants, street fairs, outdoor dining, seasonal festivals, and popular Friday Night Car Shows that draw crowds all summer long. This is the kind of walkable, thriving community renters are seeking and investors love. Best of all, this home sits on high ground and has never had water in the basement, even during Somerville's historic floods. With two stories, separate electric and gas meters and separate entrances, this duplex is a perfect candidate for a renovation project with strong rental or resale upside. Don't miss your chance to capitalize on this promising investment!
2 months ago | Listing updated with changes from the MLS® | |
2 months ago | Status changed to Pending | |
3 months ago | Listing first seen on site |
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