ADDRESS
62 E Park Place
Morristown, NJ 07960
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Rare Investment Opportunity! Approved 4-family Development Potential on Oversized Lot. Don' t miss this exceptional opportunity to own a well-maintained two-family home situated on a large lot already approved for the construction of a 4-family property. perfect for investors, developers, or Owner-occupants looking to maximize value. The first-floor unit features a spacious layout with 3 generously sized bedrooms, 1 full bathroom, a bright living room, and a formal dining room ideal for comfortable living. The second-level unit offers 2 bedrooms, a full kitchen, living room, and full bath, making it perfect for rental income. Additional features include: Semi-finished basement with laundry area great potential for extra living or storage space, oversized 2-car detached garage, ample off-street parking for multiple vehicles, large lot with room to expand. This property combines current rental income potential with approved development upside. Conveniently located near transportation, shopping, and schools. Endless possibilities: live in one unit, rent the other, or build new!
4 weeks ago | Listing updated with changes from the MLS® | |
4 weeks ago | Status changed to Pending | |
2 months ago | Listing first seen on site |
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