Beautifully renovated investment property, just one block from South Street in Morristown and Whole Foods Market with close to 8% cap rate This 2 family is fully rented GOI $59,500/year and NOI approx $46,000/year. Unit A rented for $2600/mo a month w/18 month lease until 7/31/2022 (3 bed 2 bath) and unit B at 2,350/mo. until 8/1/2020. Both apartments were renovated with new durable floors throughout main living area, new carpets in the bedrooms, new bathrooms, new windows and appliances, and a large open concept living area with beautifully renovated kitchen, which includes cherry cabinets, stainless steel appliances, & granite countertops. Each unit has their own private deck or patio. Separate laundry for each apartment, separate utilites, 2 car garage, walk in closets. WON'T LAST!
Off market
$962,400
20 Miller St, Morristown, NJ 07960
5beds
1,900sqft
MultiFamily
Built in 1916
-- sqft lot
$962,400 Zestimate®
$507/sqft
$3,580 Estimated rent
Owner options
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 5
- Bathrooms: 3
- Full bathrooms: 3
Heating
- Baseboard, Gas
Cooling
- None
Appliances
- Included: Dishwasher, Dryer, Microwave, Range / Oven, Refrigerator, Washer
Features
- Flooring: Carpet, Laminate
- Basement: Unfinished
- Has fireplace: No
Interior area
- Total interior livable area: 1,900 sqft
Property
Parking
- Total spaces: 2
- Parking features: Garage - Detached
Features
- Exterior features: Metal
- Has view: Yes
- View description: None
Lot
- Size: 6,098 sqft
Details
- Parcel number: 2407701000000031
Construction
Type & style
- Home type: MultiFamily
Materials
- Roof: Asphalt
Condition
- Year built: 1916
Community & neighborhood
Location
- Region: Morristown
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Estimated market value
$962,400