Sold
26 Franklin Pl
Morristown Town NJ, 07960
$1,562,500
$358.37 per sqft
Sold
5 Beds
7 Baths
4,360 sqft
Multi-family
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.
3783937
MLSⓇ ID
May 20, 2022
Listed
July 13, 2024
Updated
Map
26 Franklin Pl
Morristown Town NJ, 07960
Interior Features
Total Stories
3
Bedrooms
5
Total Bathrooms
7
Full Bathrooms
6
Half Bathrooms
2
Interior Features
Walk-In Closet(s)
Floor Description
Carpet
Fireplace
No
Cooling
Yes
Cooling Description
Central Air
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.27 Acres
Architectual Style
3-Three Story
Sewer
Public Sewer
School Information
High School
MTWN 9-12
Elementary School
Woodland
Other Property Details
Taxes
$20,884
Tax Frequency
Annually
Days on Market
49
Garage
No
Parking
Shared Driveway, Off Street, On Street
Parking Total
7
View
No
County
Morris
Water Source
Public
Pool
No
Zoning
Residential
Courtesy of COLDWELL BANKER REALTY with SUSAN EAGAN,
Listing Contact: 9089631112
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