38 MILLS ST, Morristown Town, NJ 07960-3718

$1,250,000
5
BD
List Price
$1,250,000
MLS#
3684736
Dom
13
Year Built
1900
Status
ACTIVE
County
Morris
City
Morristown Town
Bedrooms
5
Acres
0.27

Property Description

Fantastic opportunity to own this turn key fully rented 3 family in downtown Morristown. A complete gut renovation completed in 2017. A rare investment including 4 car garage, & all separate utilities Unit 1: 8/1/2020-7/31/2021: $2500 plus utilities. 1.5 month security deposit Unit 2: $2300/mo. 10/1/2020-9/30/2021 just renewed. 1.5 month security deposit. Unit 3: $1775/month 4/1/2020-3/31/2021. 1.5 month security deposit. All have separate utilities and laundry. Tenants pay utilities. Unit 1 has 2 car garage. Unit 2 and 3 have a 1 car garage. Landlord responsible for snow removal and sewer and water NOI: Approx $60,000. $6,575/month in rental income!

Additional Information

Taxes
$13,355
Cooling
See Remarks
Exterior
Wood
Garage Spaces
4
Garage Description
Detached Garage
Roof
Asphalt Shingle
High School
Morristown
Water
Public Water
Basement
Yes
Exterior Features
Open Porch(es), Patio
Garage Description
Detached Garage

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of WEICHERT REALTORS.