Fantastic opportunity to own this turn key fully rented 3 family in downtown Morristown. A complete gut renovation completed in 2017. A rare investment including 4 car garage, and all separate utilities Unit 1: 8 1 2020-7 31 2021: $2500 plus utilities. 1.5 month security deposit Unit 2: $2300 mo. 10 1 2020-9 30 2021 just renewed. 1.5 month security deposit. Unit 3: $1775 month 4 1 2020-3 31 2021. 1.5 month security deposit. All have separate utilities and laundry. Tenants pay utilities. Unit 1 has 2 car garage. Unit 2 and 3 have a 1 car garage. Landlord responsible for snow removal and sewer and water NOI: Approx $60, 000. $6, 575 month in rental income!
Off market
$1,234,900
38 Mills St, Morristown, NJ 07960
5beds
2,641sqft
MultiFamily
Built in 1900
-- sqft lot
$1,234,900 Zestimate®
$468/sqft
$3,683 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Gas
Cooling
- Other
Appliances
- Included: Dishwasher, Dryer, Refrigerator, Washer
Features
- Flooring: Carpet
Interior area
- Total interior livable area: 2,641 sqft
Property
Parking
- Total spaces: 4
- Parking features: Garage - Detached
Features
- Exterior features: Wood
Lot
- Size: 0.27 Acres
Details
- Parcel number: 2408001000000008
Construction
Type & style
- Home type: MultiFamily
Materials
- Frame
- Roof: Asphalt
Condition
- Year built: 1900
Community & neighborhood
Location
- Region: Morristown
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Estimated market value
$1,234,900