973.595.1500
90 Chestnut St Morristown Town 07960-5107
$1600000

Details

A rare opportunity to acquire a newly reconstructed, fully leased side-by-side legal two-family in one of Morristown's most desirable and walkable neighborhoods. Sold subject to existing leases, this stabilized investment offers immediate rental income with minimal landlord responsibilities, as tenants pay their own gas and electric utilities.The property consists of a 5-bedroom, 3.5-bath residence and a 3-bedroom, 3.5-bath residence, each with private entrances, separate utilities, finished basements, top-floor laundry, and dedicated ground-level storage rooms with separate exterior access. A detached 3-car garage adds further value.Unlike many older multi-family properties in Morristown, this foundation-up reconstructed duplex offers modern construction, high-end finishes, high-efficiency HVAC systems, advanced ERV ventilation, enhanced insulation, and reduced near-term maintenance.Ideally located within walking distance of Morristown Green, Headquarters Plaza, Morristown Medical Center, NJ Transit, major employers, restaurants, shopping, and entertainment. A turnkey investment with immediate cash flow in one of Northern New Jersey's strongest and fastest-growing rental markets. Includes a two-year Home Protection Plan.

Basic Information

County : Morris
Style : ,
Rooms : 20
Bedrooms : 8
Full Baths : 6
Half Baths : 2
Total Baths : 6
LotSize : 29300SF
Acres : 1
Living Room Level :
Dining Room Level :
Kitchen Level :
Bedroom 1 Level :
Bedroom 2 Level :
Bedroom 3 Level :
Bedroom 4 Level :
Basement/Description : , , ,
Garage :
HeatSource :
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Sewer :
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Additional Information

Tax Amount : 12788
Tax Year : 2025
Association Fee :
Grade School : Frelghuysn
Middle School : A.Hamilton
High School : Morristown