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.
Discover this exceptional investment opportunity featuring a completely legal, DCA approved 3-family home in one of Essex County's most promising markets. The first and second floors each offer 3 bedrooms and 1 full bathroom, while the third floor provides a cozy 1-bedroom, 1-bathroom unit. All units feature separate utilities for maximum rental income potential and reduced landlord expenses. The property includes a full unfinished basement with with independent entrance & tremendous potential for additional income or expansion. Currently vacant, all units provide complete flexibility for owner-occupancy or immediate rental income. Strategically located in East Orange with excellent access to public transportation and major highways, this property benefits from the area's ongoing revitalization and growth. This turnkey investment combines solid fundamentals with significant potential in an established, transit-friendly neighborhood, perfect for both seasoned investors and those entering the multi-family market.
2 weeks ago | Listing updated with changes from the MLS® | |
2 weeks ago | Price changed to $770,000 | |
4 weeks ago | Status changed to Active | |
a month ago | Listing first seen on site |
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