ADDRESS
62 E Park Place
Morristown, NJ 07960
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$750,000
63 Days On Site
107 Jersey StPaterson City, NJ 07501
For Sale|Multi Family|Active
6
Beds
3
Total Baths
2
Full Baths
1
Partial Bath
1940
Built
County:
Passaic
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Cash Cow Investment Opportunity - Prime Corner Lot! Welcome to your next income-generating powerhouse! This mixed-use, corner-lot property offers three separate units and bonus billboard rental making it the perfect opportunity for investors or owner-occupants looking to offset their mortgage with rental income. Offering two spacious residential units. Both are 3 bedroom apartments with separate utilities, providing steady rental income andattracting long-term tenants. The ground-floor unit is currently a cafe primarily serving light meals and beverages, ensuring immediate cash flow. Thishigh-visibility location guarantees strong business potential. Recently modernized, reducing maintenance headaches and maximizing efficiency. Justoff Rt 80 with Rt 19 crossing right over, ensuring easy access. Only minutes from St. Joseph's University Medical Center, a hub for persons seeking quality rentals. Whether you're an investor or a savvy buyer, this high-traffic, high-demand property is your ticket to financial success. Don't miss out schedule your showing today!
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Listing Snapshot
Price
$750,000
Days On Site
63 Days
Bedrooms
6
Inside Area (SqFt)
N/A
Total Baths
3
Full Baths
2
Partial Baths
1
Lot Size
0.02 Acres
Year Built
1940
MLS® Number
3971220
Status
Active
Property Tax
$10,704
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 2 months ago | Listing updated with changes from the MLS® | |
| 2 months ago | Listing first seen on site |
General Features
Acres
0.02
Number Of Stories
3
Parking
Off Street
Property Sub Type
Multi Family
Security
Smoke Detector(s)
Sewer
Public Sewer
Style
3-Three Story
Utilities
Natural Gas Available
Water Source
Public
Interior Features
Basement
Unfinished
Heating
Natural Gas
Interior
Bar
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Exterior Features
Construction Details
Aluminum Siding
Lot Features
Corner Lot
Roof
Asphalt
Listing courtesy of ADDISON REAL ESTATE
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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