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26 Franklin Pl

Morristown Town, NJ 07960
  • $1,799,000
  • STATUS: Active Under Contract
  • ON SITE: 33 Days
  • ID#: 3923238
Under Contract
UPDATED: 80 min ago
$1,799,000
  • 6
    BEDS
  • 0.27
    ACRES
  • 5
    BATHS
  • 1
    1/2 BATHS
Type:
Multi-Family
Built:
1886
County:

School Ratings & Info

Description

Here is your chance to own a 4 unit building on a picture perfect street in the heart of Morristown, with ample parking and tons of upside! Located on a wide, tree-lined street, between South St. & Morris and equidistant to the Morristown Green, 287 and the Morristown Train Station, you will not find a better location! Currently, this property consists of 4 units in total, 3 in the front house and 1 in the separate carriage house located in the back of the property. 1st floor was used as a doctor's office, and would be ideal for the owner occupant looking to purchase an income property while opening their own business in the professional office space below. Or, you can look into renovating the 1st floor professional space into 1 or 2 more residential units (Please check with the town and do your own due diligence on what could be allowed). 2nd, 3rd and Carriage house residential units are all nicely renovated as of 2022/23 and have fantastic tenants who are all looking to stay.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-10-14T13:46:27.44.
www.thepaulaclarkgroup.com/homes/154990845
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26 Franklin Pl Morristown Town, NJ 07960

  • Price: $1,799,000
  • Status: Active Under Contract
  • On Site: 33 Days
  • Updated: 80 min ago
  • ID#: 3923238
6
Beds
5
Baths
1
½ Baths
0.27
Acres
1886
Built
County:
Morris
Area:
Morristown Town
Property Description
Here is your chance to own a 4 unit building on a picture perfect street in the heart of Morristown, with ample parking and tons of upside! Located on a wide, tree-lined street, between South St. & Morris and equidistant to the Morristown Green, 287 and the Morristown Train Station, you will not find a better location! Currently, this property consists of 4 units in total, 3 in the front house and 1 in the separate carriage house located in the back of the property. 1st floor was used as a doctor's office, and would be ideal for the owner occupant looking to purchase an income property while opening their own business in the professional office space below. Or, you can look into renovating the 1st floor professional space into 1 or 2 more residential units (Please check with the town and do your own due diligence on what could be allowed). 2nd, 3rd and Carriage house residential units are all nicely renovated as of 2022/23 and have fantastic tenants who are all looking to stay.
Exterior Features

Approximate Lot Size 60X197 Exterior Description Wood Exterior Features Patio Number Of Parking Spaces 7 Parking Driveway Description Driveway-ExclusiveOff-Street ParkingOn-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description FullUnfinished Cooling 4+ Units Heating 4+ Units Interior Features Carbon Monoxide DetectorCarpetingFire ExtinguisherSmoke DetectorTile FloorsVinyl-Linoleum Floors Total Number Of Rooms 35 Unit1 Appliances Equipment Carbon Monoxide DetectorSmoke Detector Unit1 Baths 2.1 Unit1 Bedrooms 0 Unit1 Fireplaces 1 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 15 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment Carbon Monoxide DetectorDishwasherMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorStackable Washer/Dryer Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLaundry RoomLiving Room Unit2 Rooms 4 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 2 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenLaundry RoomLiving Room Unit3 Rooms 4 Unit3 Sq Ft 0 Unit4 Appliances Equipment DishwasherDryerMicrowave OvenRange/Oven - GasRefrigeratorSmoke DetectorWasher Unit4 Baths 1.1 Unit4 Bedrooms 1 Unit4 Fireplaces 0 Unit4 Levels 1 Unit4 Room Description BedroomsDenDining RoomKitchenLiving RoomStorage Unit4 Rooms 6 Unit4 Sq Ft 0

Property Features

Assessment Total 1445600 Building Assessment 1043500 Easement Unknown Exclusions All tenants personal items Expenses Include ElectricGarbage CollectionGasTaxes Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 0 Land Assessment 402100 Net Operating Income 0 Services Fiber Optic AvailableGarbage Extra Charge Sewer Public Sewer Tax Amount 21051 Tax Rate Amount 2.906 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 0 Unit Style FourplexSee Remarks Unit1 Owner Tenant Pays Tenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 0 Unit2 Handicap Modified No Unit2 Lease Expiration 2025-10-31 Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 4000 Unit2 Security Deposit 5925 Unit3 Handicap Modified No Unit3 Lease Expiration 2025-07-31 Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2725 Unit3 Security Deposit 4087 Unit4 Handicap Modified No Unit4 Lease Expiration 2026-07-31 Unit4 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit4 Rent 3350 Unit4 Security Deposit 4650 Utilities ElectricGas-Natural Water Public Water Water Heater Gas

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 908-656-1650.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively 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 is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Valley Realty. 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.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Keller Williams Valley Realty are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-10-14T13:46:27.44.
 
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