345 Morris Road

Calling All Investors! Dont Miss Out on This Fantastic Opportunity to Own a Rarely Offered,Turnkey Investment Property!!! Also Great For an Owner Occupied Investor, Live on the Beautiful Completely Updated 1st Floor Apartment and Have Tenants Pay Your Mortgage; This Multi-Family Property Has Been Completely Updated, is Fully Furnished, Fully Rented and is Cash Flowing! This Victorian Home Dates Back to 1873 and Has Been Completely Restored! Recent Updates Include a Brand New Driveway with Plenty of Parking, a NewRoof and New Heater! Walk to the Train, Restaurants, and This Fabulous Property is Only a Few Minutes from Major Highways Such as the Turnpike and 309; This a Boarding House That is Permitted by the Township for 5 Rooms, and 2 Apartments; There Are Two - 1 Bedroom Apartments with Full Kitchens and Full Bathrooms, Plus There Are 5 Additional Rooms That are Rented with Weekly Payments and Share a Large Bathroom! All Units are Rented with Long Term Tenants at a Below Market Weekly Rental; See MLS Uploads for Projected Rents That Are at the Current Market Rental Amounts; Each Unit has at least a Microwave, a Small Refrigerator and is Furnished; Also There Are 2 Additional Parking Spots Rented From the Church Which is a Few Doors Down; The First Floor Apartment is Totally Separate and Completely Renovated with Refinished Hardwood Floors Throughout! This Apartment Features a Full Length Sunroom Entrance with 2 Ceiling Fans, a Foyer Entrance That Opens to the Spacious Living Room with Tons of Windows for Natural Light, And it is a Perfect Space for a Home Office; Also this Apartment Has a Full Kitchen with Granite Tops and Backsplash, New Cabinets, Recessed Lighting, Stainless Steel Appliances and a Dining Area! A Big Perk For The 1st Floor Apartment is a Personal Laundry Room & Back Entrance, a Spacious Master Bedroom with a Ceiling Fan, and a Bathroom That is Totally Updated with Tiled Shower Surround, Tiled Flooring and Walls! Lastly, the First Floor Apartment Has Access to a Full Basement For Additional Storage with a Brand New Concrete Floor! Tenants For The Other Rooms Have a Private Entrance on the Left Side of the Building; Through This Entrance the First Room is on the Left and is the Only Room with a Private Sink; Upstairs Youll Find a Landing with an Entrance To 3 of the Rooms as Well As the Entrance To the Oversized Bathroom as Well As An ATM Machine Which Makes it Very Easy for Tenants to Pay Their Rents; All 3 Rooms are Generously Sized Complete with Bedding, Dressers, Refrigerators, TVs, Microwaves and Ample Closet Space; Large Communal Bathroom Offers a Stall Shower, 4 Gym Lockers, a Storage Closet with a Vacuum and Other Common Supplies, a Coin Operated Washer & Dryer for Tenant Convenience That Generates Additional Income, a Coin Machine and Table; Third Floor Offers One More Generously Sized Room and the Second Private Apartment with Recessed Lighting, a Full Kitchen, Dining Area and Large Bedroom Space, Tons of Closet and Storage Space, and a Full Bathroom with a Stall Shower! See the Income & Expense Sheet in the MLS Downloads For All The Numbers! This Property is Unique as It Is Income Producing and Completely Updated, No Work is Needed! All Rents Are Below Market Leaving the New Owner with Additional Income!