80 Western Ave Morristown, NJ 07960
Three-unit residential building near Morristown Green with potential rental income.
Source: Keller Williams Realty - NJ Metro Group
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Morristown Triplex Near Downtown
This three-family house is located within walking distance of the Morristown Green, downtown shops, dining, and entertainment venues. The first-level apartment, which requires some improvements, features three bedrooms and one bathroom and is currently rented. The second level includes two bedrooms and one bathroom and has been partially updated; it is currently vacant. The third-floor apartment, which has been partially renovated, contains one bedroom and one bathroom and is rented on a month-to-month basis. The property has new siding, a new roof, and mostly new windows. Potential rental income is estimated at $3,200 for the first floor, $2,500 for the second floor, and $1,600 for the third floor, totaling $7,300. The first floor apartment might be vacant at closing. The 1st and 2nd floor rent are not current rent but market rent after updates.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Morristown
- County
- Morris
- State
- New Jersey
- Longitude
- -74.4896653
- Latitude
- 40.7956409
Nearby Similar for Sale
FAQs
What type of property is this?
Multifamily property - Three-unit residential building near Morristown Green with potential rental income.
Where is this multifamily property located?
The property is located at 80 Western Ave Morristown, NJ.
What is the asking price?
The asking price for this property is $799,000.
What are key features of this property?
This property features: - Prime Location: Walk to Morristown Green, downtown shops, dining, and entertainment.; - High Potential Rental Income: Potential of $7,300 per month.; - New Exterior: Features new siding and roof.