Property
Morris Twp., NJ 07950 16 Sherman Ave
$825,000
Pending
29 more
Presented By: COLDWELL BANKER REALTY; 973-294-8887
Beds • 3- Baths • 2
- Garage • 4
Beds • 3
Baths • 2
Garage • 4Home Details
Prime Morris Twp 2-Family with a 4 car detached garage with 2nd Floor storage. This turn-key asset presents significant value-add potential. The 1st Flr unit (1BR+Den) is rented below market at 60 day /mo. The VACANT 2nd Flr unit (2BR) is freshly painted with a new stove & fridge, ready for market. This upper unit also features a fantastic walk-up 3rd floor office/den. A landlord's dream with ALL SEPARATE UTILITIES and a NEW ROOF. Full basement with 2 sets of laundry hookups and dedicated tenant parking on-site. Meticulously maintained and in a fantastic location with a Morris Plains mailing address. This is the low-expense, high-potential investment you've been waiting for!
Presented By: COLDWELL BANKER REALTY; 973-294-8887
Interior Features for 16 Sherman Ave
Bedrooms
Total Bedrooms3
Unit 1 Beds Total1
Unit 2 Beds Total2
Bathrooms
Half Baths0
Unit 1 Baths Total1.0
Unit 2 Baths Total1.0
Other Interior Features
Unit 1 Sq Ft0
Unit 2 Sq Ft0
Unit 1 Levels1
Unit 2 Levels2
UnitType1TotalRent0
UnitType2TotalRent0
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces
Unit 1 Fireplaces1
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Unit 2 Appl/EquipCarbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
BasementUnfinished
Fuel TypeGas-Natural
Interior AmenitiesCarbon Monoxide Detector, Smoke Detector
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms5
Unit 1 Room DescriptionDen, Dining Room, Kitchen, Living Room, Master Bedroom
Unit 2 Room DescriptionBedrooms, Den, Kitchen, Living Room
General for 16 Sherman Ave
Architectural StyleUnder/Over
Cooling4+ Units, Window A/C(s)
CountyMorris
DirectionsSpeedwell Ave to Sherman Ave
DriveCrushed Stone
EasementUnknown
Full Baths2
GarageDetached Garage, Loft Storage
Garage Spaces4
Gross Income
Heating2 Units, Radiators - Steam
Net Operating Income
Number Of Units Total2
Open Parking Spaces4
Operating Expense
PossessionJan. 2026
RoofAsphalt Shingle
ServicesCable TV Available, Garbage Included
SewerPublic Sewer
Standard StatusUnder Contract
StatusUnder Contract
Tax Annual Amount7697
Tax Assessed Value384500
Tax Lot28
Tax Year2024
Total Rooms10
Town #2324
TownshipMorris Twp.
UtilitiesGas-Natural
Water HeaterGas
Year Built1937
Exterior for 16 Sherman Ave
Exterior DescriptionVinyl Siding
Lot Dimensions.165 AC
Lot FeaturesLevel Lot
Lot Size Acres0.17
Water SourcePublic Water
Additional Details
Price History
Brian Lee
Associate