Sold

26 Franklin Pl

Morristown Town NJ, 07960

$1,450,000


$332.57 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

February 10, 2024

Updated

Map

26 Franklin Pl
Morristown Town NJ, 07960

Interior Features

Total Stories

3


Bedrooms

5 Beds


Bathrooms

7 Baths


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 

The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service. Real estate listings held by other brokerage firms are marked as IDX Listing.  All information deemed reliable but not guaranteed and should be independently verified.  Property locations as displayed on any map are best approximations only and exact locations should be independently verified.

Notice: The dissemination of listings displayed herein 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.

This information is being provided 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 deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service. All rights reserved. 

 

 

Powered byLuxury Presence