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.
Fully rented and recently updated, this three-family home in Summit generates over $7,900/month in rental income with potential for even more. A true turnkey opportunity, it's ideal for both owner-occupants and investors looking for steady cash flow and long-term value. Each of the three well-maintained units features its own layout, in-unit washer/dryer, and abundant natural light. Unit 1 includes 3 bedrooms, 2 full baths, and direct access to a finished walk-out basement. Unit 2 offers 2 bedrooms, 1 bath, and a private deck. Unit 3 is a 1-bedroom, 1-bath unit with a loft space accessed by spiral stairs. Recent upgrades include a new roof, renovated kitchens and baths in Units 2 and 3 with quartz countertops and LVP flooring, and newer AC systems in Units 1 and 3. Assigned parking and additional off-street spaces complete the package. Conveniently located just minutes from downtown Summit, with easy access to top-rated schools, shopping, dining, and the nearby train station.
3 weeks ago | Listing updated with changes from the MLS® | |
3 weeks ago | Status changed to Active | |
3 weeks ago | Listing first seen on site |
Did you know? You can invite friends and family to your search. They can join your search, rate and discuss listings with you.