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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