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
Bedrooms-- Baths8.0 Sq 4,360

Monthly Estimate*

$ 8,224

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Commercial Property for sale in Morristown, NJ

for $1,450,000 with 8 full baths. This 4,360 square foot building was built on a lot size of 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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Commercial Active

Price

$ 1,450,000

Full Bath

8

Property Type

Commercial

Taxes

$ 20,884

Style

Office/Apartments

Lot Size

60X197

Town/City

Morristown

County/Region

Morris

MLS | Web ID

3784042

Features
Interior
Appliances Smoke Detector
Basement Basement Unfinished
Building Amenities Storage
Cooling System 4 + Units
Flooring Carpet(s) Tile Flooring
Heating System 4+ Units Forced Air
Room Features Kitchen
Sewer Public Sewer
Water Source Public Water
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Exterior
Construction Wood
Driveway Blacktop
Lot Description Level/Flat Open Lot
Parking Additional Parking On Street Parking
Roof Flat Roof
Siding Wood Exterior
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Miscellaneous
Commercial Private Restroom Sale Includes Building & Land
Location Residential District
Other Garbage Extra Charge
Utilities Electric Fiber Optic Available Natural Gas
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Rental
Lease Terms Building Insurance Building Maintenance Common Area Maintenance Janitor Services
Rent Includes Garbage Pickup
Tenant Pays All Utilities Cable Electric Gas Heating Hot Water
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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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26 Franklin Pl , Morristown, NJ, 07960 is a Commercial Property for sale at $1,450,000 with 4,360 sqft and a lot size of 60X197. 26 Franklin Pl has 8.0 baths. The property's zip code is 07960 which is in Morristown, NJ