ADDRESS
62 E Park Place
Morristown, NJ 07960
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$575,000
20 Days On Site
34 Home StFranklin Twp., NJ 08873
For Sale|Multi Family|Active
4
Beds
2
Total Baths
2
Full Baths
1920
Built
County:
Somerset
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Solid investment opportunity, fully rented with long term tenants (first floor tenant is on a month-to-month lease (rent is $2,221 per month), second floor tenant's lease ends 10.31.25 (rent is $1,750 per month) but has been presented with a lease extension with a $50 rent increase! Roof replaced 10.2023. Two spacious, two-bedroom apartments on each floor with front and back door entry to each. Bonus: basement, attic and detached storage building in backyard & backyard. Both units have newly installed luxury vinyl plank (LVP) flooring throughout most of the apartment. First floor has a newer stove. Second floor has a new water heater and refrigerator. Owner pays water/sewer and gas for heat/boiler. Separate gas (3) meters and electric meters!
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Listing Snapshot
Price
$575,000
Days On Site
20 Days
Bedrooms
4
Inside Area (SqFt)
N/A
Total Baths
2
Full Baths
2
Partial Baths
N/A
Lot Size
0.06 Acres
Year Built
1920
MLS® Number
3981067
Status
Active
Property Tax
$6,398
HOA/Condo/Coop Fees
N/A
Sq Ft Source
N/A
Friends & Family
Recent Activity
| 3 weeks ago | Listing updated with changes from the MLS® | |
| 3 weeks ago | Listing first seen on site |
General Features
Acres
0.06
Number Of Stories
2
Parking
On Street
Property Sub Type
Multi Family
Sewer
Public Sewer
Style
2-Two Story
Utilities
Natural Gas AvailableUnderground Utilities
Water Source
Public
Interior Features
Appliances
Gas Water Heater
Basement
FullUnfinished
Heating
BaseboardNatural Gas
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Exterior Features
Patio And Porch
Deck
Roof
Asphalt
Listing courtesy of REAL PROPERTY MANAGEMENT ALL-STAR
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
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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