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150 WASHINGTON ST
MORRISTOWN, NJ 07960

$1,000,000 
  • 6 Beds
  • 4/0 Baths
  • 2,600 sqft
  • Residential Income
  • Active
150 WASHINGTON ST, MORRISTOWN - 388729899
150 WASHINGTON ST, MORRISTOWN - 388729900
150 WASHINGTON ST, MORRISTOWN - 388729901
150 WASHINGTON ST, MORRISTOWN - 388729902
150 WASHINGTON ST, MORRISTOWN - 388729903
150 WASHINGTON ST, MORRISTOWN - 388729904
150 WASHINGTON ST, MORRISTOWN - 388729905
150 WASHINGTON ST, MORRISTOWN - 388729906
150 WASHINGTON ST, MORRISTOWN - 388729907
150 WASHINGTON ST, MORRISTOWN - 388729908
150 WASHINGTON ST, MORRISTOWN - 388729909
150 WASHINGTON ST, MORRISTOWN - 388729910
150 WASHINGTON ST, MORRISTOWN - 388729911
150 WASHINGTON ST, MORRISTOWN - 388729912
150 WASHINGTON ST, MORRISTOWN - 388729913
150 WASHINGTON ST, MORRISTOWN - 388729914

Property Description for 150 WASHINGTON ST, MORRISTOWN NJ 07960

Fantastic building & location. Near Burnham park & Whole Foods, Walking dist. to town and transp. Two units are brand new. there are 3-1brm units and 1 -3brm unit. Excellent income. All units rented. Two one brm units are rented for $1600.00 a month. One 1 brm is at $1250 (tenant of 14 years), and the 3 brm is $2600. All are rented. Bldg in excellent condition. Oil tank abandoned with town certification. Income with existing rentals is $84,600. Cap Rate 6.43%. Increase rents at Spring lease renewal and increase cap rate to 7.69%. Off street parking for 7 cars. A comparable building like this in Morristown will be hard to find. 2017 Taxes presently $12,929.

  • Property Class: Multi-Family
  • Listing Status: Active
  • City: MORRISTOWN
  • State: NJ
  • Zip: 07960
  • Area: Morris
  • County: Morris
  • Class: Residential Income
  • Approx Lot Size: 0.260
  • Stories: 4
  • Beds: 6
  • Baths Total: 4
  • Baths (F/H): 4/0
  • Total Rooms: 14.00
  • Living Area (SqFt): 2,600 sqft
  • Lot Sq Ft Apx: 11401.00
  • Fireplaces: 0.00
  • Year Built: 1926
  • Listing#: 3402674
  • List Date: 7/10/2017
  • Last updated on: 8/22/2017

Property Features for 150 WASHINGTON ST, MORRISTOWN NJ 07960

  • Baths Full: 4
  • Heating Y/ N: Yes
  • Style: Fourplex

Additional Information for 150 WASHINGTON ST, MORRISTOWN NJ 07960

  • Basement Type: Full
  • Living Room Present: Y
  • Expenses: 23900.00
  • Gross Income: 84600.00
  • Net Income: 60700.00
  • Tax Assessed Value: 480700.00
  • Exterior: Wood
  • Utilities Present: Yes
  • Stories Desc: Fourplex
  • Cooling Present: Yes
  • Heating Fuel: Gasnatur
  • Unit 1 Baths: 1.0
  • Unit 1 Beds: 1
  • Unit 1 Rent Per Month: 1600.00
  • Unit 1 Sq Ft: 500.00
  • Unit 2 Baths: 1.0
  • Unit 2 Beds: 3
  • Unit 2 Rent Per Month: 2600.00
  • Unit 2 Sq Ft: 700.00
  • Unit 3 Baths: 1.0
  • Unit 3 Beds: 1
  • Unit 3 Rent Per Month: 1200.00
  • Unit 3 Sq Ft: 600.00
  • Unit 4 Baths: 1.0
  • Unit 4 Beds: 1
  • Unit 4 Rent Per Month: 1200.00
  • Unit 4 Sq Ft: 600.00
Courtesy of COLDWELL BANKER REALTORS
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