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$ 699,999
Est. payment | /mo
4 Beds
2 Baths
0.29 Acres Lot
$ 699,999
Est. payment | /mo
4 Beds
2 Baths
0.29 Acres Lot
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3980707
Style 3-Three Story
Bedrooms 4
Full Baths 2
Year Built 1898
Annual Tax Amount $8,733
Tax Year 2024
Lot Size 0.290 Acres
Property Description
Welcome to 249 Speedwell Avenue a fully updated, income-producing two-family home in the heart of one of New Jersey's hottest rental markets. Both apartments one spacious 5-room unit and one charming 4-room unit have been tastefully updated, allowing you to command top-dollar rent from day one with zero renovation downtime.Set on an oversized 0.29-acre lot, this property offers plenty of parking, outdoor space, and potential for future expansion (with approvals). Whether you're an investor seeking immediate cash flow, a house hacker looking to live in one unit while the other covers your mortgage, or a multi-generational buyer, this property delivers flexibility and profit potential.The location is unbeatable minutes to the Morristown Green, NJ Transit direct to NYC, upscale dining, nightlife, shops, and year-round cultural events. With Morristown's rental demand and property values surging, this is an investment you can hold for appreciation or leverage for short-term gains. Updated, income-ready, and in a prime growth market 249 Speedwell Ave is the kind of asset that builds wealth. Multiple income strategies, immediate equity growth, and a location that keeps tenants coming back don't miss your chance to secure it.
Location
State NJ
County Morris
Rooms
Basement Unfinished
Interior
Interior Features Carbon Monoxide Detector, Fire Extinguisher
Heating Electric
Cooling 4+ Units
Heat Source Electric
Exterior
Exterior Feature Wood Shingle
Utilities Available Electric, Gas-Natural
Roof Type Asphalt Shingle
Building
Lot Description Backs to Park Land, Irregular Lot, Lake/Water View
Sewer Public Sewer
Water Public Water
Architectural Style 3-Three Story
Schools
Middle Schools Frelghuysn
High Schools Morristown
Others
Senior Community No
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Listed by COLDWELL BANKER REALTY