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732-754-2541
eXp Realty
18 Sherman Ave, Morris Twp., NJ 07950
- $1,095,000
- 7
- BD
- 3.2
- BA
- List Price
- $1,095,000
- Days on Market
- 1
- Status
- COMING SOON
- MLS#
- 4060667
- Bedrooms
- 7
- Bathrooms
- 3.2
- Full Baths
- 3
- Half Baths
- 2
- Lot Size (Acres)
- 0.17
- Year Built
- 1928
Property Description
RARE 3 UNIT INVESTMENT OPPORTUNITY IN MORRIS PLAINS!GREAT INCOME POTENTIAL! A phenomenal opportunity for investors seeking to expand their portfolio with a unique, income-producing property in Morris Plains! Featuring two separate homes on 1 lot, a duplex and a SF/Home,2 garages, low property taxes, long-term tenants already in place, and a prime location within walking distance to direct train service to NYC, this property offers an attractive combination of convenience and investment potential.The main residence features a side-by-side duplex each with 3 bdr, 1.5 baths, and a spacious basement providing abundant storage. A brand-new roof installed in October 2026 adds further appeal. The separate rear cottage was beautifully renovated in 2024 and offers 1 bedroom, 1 bath ,a generously sized living/dining area, and a spacious primary bedroom.Additional highlights include ample off-street parking and private rear patio areas for each residence, providing desirable outdoor space and added tenant appeal.With long-term tenants in place, convenient access to NYC transportation, and the advantage of relatively low property taxes, this distinctive 3 unit property presents an exciting opportunity for investors looking to build long-term wealth through real estate. Explore the income potential, evaluate the numbers, and discover the possibilities this exceptional investment has to offer!Two homes. A compelling opportunity to grow your portfolio in Morris Plains! Not to be missed!
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Additional Information
- Area
- Morris Twp.
- Subdivision
- Morris Plains
- Basement Desc
- Unfinished
- Utilities
- Electric, Gas-Natural
- Taxes
- $9,359
- Subdivision
- Morris Plains
- Exterior
- Vinyl Siding
- Lot Description
- Level Lot
- Water
- Public Water
- Basement
- Yes
- Cooling
- None
- Interior
- Carbon Monoxide Detector, Carpeting, Fire Extinguisher, Smoke Detector, Wood Floors
- Roof
- Asphalt Shingle
- Show Address
- Yes
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Listing Courtesy Of COLDWELL BANKER REALTY, Contact: 917-929-0077
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