26 Franklin Pl Morristown, NJ $ 1,450,000
26 Franklin Pl
$ 1,450,000
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26 Franklin Pl

Morristown, NJ, 07960
$ 1,450,000
Bedrooms5 Baths6.2

Monthly Estimate*

$ 8,224

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Multi-Family Home for sale in Morristown, NJ

for $1,450,000 with 5 bedrooms and 6 full baths, 2 half baths. The lot size is 60X197.

An investment property such as this rarely comes on the market. This lovely home is situated on a residential street in the heart of Morristown, walking distance to the train and all the town has to offer. The main building is 3 stories tall. A physician (landlord) occupies the first floor and utilizes it for his practice. Floors two and three are rentals that always rent quickly. Also included on the property is a separate charming carriage house. The rentals have been meticulously maintained. Each has its own unit heat, central air, and washer/dryers. The neighborhood is residential; however, the landlord has had his practice on the first floor since 1999 and has Town approval paperwork for that purpose. There are several options for what a potential buyer could do. All the apartments are move in ready. The first floor can be converted into an additional rental space, or it could be rented to a physician. There is ample parking in the back for all the rentals, and on street parking is permitted as well. In the course of the current owner's possession, no pets of any kind or smokers have been permitted. The main building also has a built in generator.

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Multi-Family Active

Price

$ 1,450,000

Bedrooms

5

Full Bath

6

Half Bath

2

Property Type

Multi-Family

Taxes

$ 20,884

Style

3 Story

Lot Size

60X197

Town/City

Morristown

County/Region

Morris

MLS | Web ID

3783937

Features
Interior
Appliances Carbon Monoxide Detector Fire Extinquisher Smoke Detector
Basement Basement Unfinished
Cooling System 4 + Units Central Air
Flooring Carpet(s)
Heating Source Natural Gas
Heating System 4+ Units Forced Air
Interior Blinds High Ceilings Walk-in Closet(s)
Sewer Public Sewer
Water Source Public Water
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Exterior
Driveway Blacktop Shared Driveway
Exterior Carriage House Enclosed Patio/Porch Patio Storm Doors
Land Improvements Curbs Sidewalks
Lot Description Open Lot
Parking 5+ Car Parking Common Parking Off Street Parking On Street Parking
Roof Flat Roof
Siding Wood Exterior
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Miscellaneous
Other No Warranty Included
Utilities Electric Natural Gas
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* Excluded Features
List By
Coldwell Banker Realty

Broker

Affordability Calculator

$9,964
Per Month
83%
17%
0%
Monthly Principal & Interest
$8,224
Monthly Property Taxes
$1,740
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 5.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
Woodland Elementary School
Frelghuysn Middle School
MTWN 9-12 High School

Map


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26 Franklin Pl , Morristown, NJ, 07960 is a Multi-Family Home for sale at $1,450,000 with a lot size of 60X197. 26 Franklin Pl has 5 bedrooms and 6.2 baths. The property's zip code is 07960 which is in Morristown, NJ