114 Maple Ave
Morristown Town, NJ, 07960 $ 799,900
Bedrooms3 Baths2.1 Sq 2,272 Monthly Estimate*
$ 5,316
Multi-Family Home for sale in Morristown Town, NJ
for $799,900 with 3 bedrooms and 2 full baths, 1 half bath. This 2,272 square foot home was built in 1900 on a lot size of 0.09.
A unique opportunity in the heart of Morristown's historic district, one block from South Street. This is a mixed-use three-unit building. First-floor commercial office, second-floor two-bedroom apartment and third-floor one-bedroom apartment. The first floor is vacant and is perfect for professional or medical use. The last tenant was a chiropractor. This floor includes a waiting room, two offices, a powder room, storage, and a kitchenette. The second floor features a kitchen, full bath, two bedrooms, and a living room. This unit is currently occupied. The third floor is vacant. This unit features a kitchen, full bath, one bedroom, living room, and storage room. The fire escape is at the rear of the building. The front porch is available for use by all three tenants. The rear porch is for the first-floor tenant. There is a five-car parking lot. Currently, the parking lot is set up this way: two spaces for the first floor, one for the second floor, and one for the third floor. The third space is open for guests. Second-floor lease expires June 1st but could stay on. This property hasn't been on the market in decades. Very rare mixed-use building with a parking lot, especially in this neighborhood. Just minutes to Morristown Green and NYC train. For all questions about usage, changes in usage, & variances, please refer to the Town of Morristown Zoning Department. Seller and broker make no representations as to anything other than its current configuration. SQ is approximate.
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FeaturesGeneralInterior Features Carbon Monoxide Detector Carpeting Fire Extinguisher Smoke Detector Wood Floors
Sewer Public Sewer
Heating 3 Units Baseboard - Hotwater
Cooling Central None SeeRem
Utilities Electric Gas-Natural
Possession Nego
Roof Asphalt Shingle
Water Heater Gas
Exterior Features Open Porch(es)
Zoning Mix Use
Garage Spaces 0
Architectural Style 3-Three Story See Remarks
Year Built 1900
Township Morristown Town
Tax Year 2023
Gross Income 60600
County Morris
Net Operating Income 43600
Operating Expense 17000
Subdivision Name Downtown
Total Rooms 10
Status Under Contract
Directions South Street to James Street to right on Maple Ave. The property is on the right next to Doyle Funeral Home parking lot is part of this property.
High School MTWN 9-12
Open Parking Spaces 5
Total Units 3
Street Name Maple Ave
Elementary School K-2;3-5
Tax Annual Amount 10601
Home Warranty Y/N No
Middle/Junior High School Frelghuysn
Drive Common On-Street Parking Parking Lot-Exclusive
Days on Market 12
Standard Status Under Contract
Tax Assessed Value 364800
Town # 2325
Tax Lot 4
Farm Assessment No
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InteriorBasement Unfinished Walkout
Unit 1 Baths Total 1.0
Unit 1 Beds Total 0
Unit 2 Baths Total 1.0
Unit 2 Beds Total 2
Unit 3 Baths Total 1.0
Unit 3 Beds Total 1
Fuel Type Electric Gas-Natural
Full Baths 2
Half Baths 1
Total Bedrooms 3
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ExteriorLot Features Level Lot
Water Source Public Water
Exterior Description Vinyl Siding
Building Area Total 2272
Lot Dimensions 3811SF
Lot Size Acres 0.09
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* Excluded FeaturesList ByRyan G. DawsonListing Agent
Affordability Calculator
- Monthly Principal & Interest
- $5,316
- Monthly Property Taxes
- $883
- Monthly Home Insurance
- --
Default based on a 30-year fixed rate of 6.99% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
Learn more about how to save NearbyTrends Information provided by ATTOM Data Solutions.
4364942 Elementary School
289773 Middle School
Mtwn 9-12 High School High School
Pricing HistoryDate | Price | Price Change | Description |
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4/24/2024 | $799,900 | | Listed Price |