Sold
26 Franklin Pl
Morristown Town NJ, 07960
$1,562,500
$358.37 per sqft
Sold
4,360 sqft
Commercial
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.
3784042
MLSⓇ ID
May 9, 2024
Updated
Map
26 Franklin Pl
Morristown Town NJ, 07960
Interior Features
Total Stories
3
Interior Features
Carpet, Tile
Floor Description
Carpet, Tile
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Forced Air, Natural Gas
Exterior/Building Features
Lot Size
0.27 Acres
Lot Features
Level
Sewer
Public Sewer
Other Property Details
Taxes
$20,884
Tax Frequency
Annually
Days on Market
18
Garage
No
Parking
On Street
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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