Property
Sparta Twp., NJ 07871 20 Morris Lake Rd
$785,000
5 more
Presented By: REWARDS REALTY LLC
Beds • 7- Baths • 6
- Garage • 2
Beds • 7
Baths • 6
Garage • 2Home Details
Prime Investment Opportunity: 20 Morris Lake Rd, Sparta, NJRare lakefront multifamily property featuring 7,800 sq. ft. of living space and direct privatelake and beach access. Listed at $778,000 (appraised as-is at $830,000), with a certifiedpost-completion appraisal of $1,315,000. Configured for 3 spacious luxury units (each 3 bed/ 2 bath with open-concept layout and laundry), delivering projected rents of$3,600"$4,200/month per unit and over $35,000 in net annual cash flow. Siding is 60%complete; requires HVAC, septic update, and interior finishes to complete. All supportingdocuments (survey, site plans, architectural/engineering drawings, tax assessments)available upon proof of funds. Cash or hard money buyers only.
Presented By: REWARDS REALTY LLC
Interior Features for 20 Morris Lake Rd
Bedrooms
Total Bedrooms7
Unit 1 Beds Total2
Unit 2 Beds Total3
Unit 3 Beds Total3
Bathrooms
Half Baths0
Unit 1 Baths Total2.0
Unit 2 Baths Total2.0
Unit 3 Baths Total2.0
Other Interior Features
Unit 1 Sq Ft2600
Unit 2 Sq Ft2600
Unit 3 Sq Ft2600
Unit 1 Levels1
Unit 2 Levels1
Unit 3 Levels1
UnitType1TotalRent0
UnitType2TotalRent0
UnitType3TotalRent0
Unit 3 Fireplaces0
Unit 3 Handicap ModifiedNo
Unit 2 Handicap ModifiedNo
Unit 2 Fireplaces1
Unit 1 Fireplaces1
Unit 1 Handicap ModifiedNo
Unit 1 Appl/EquipCarbon Monoxide Detector
Unit 2 Appl/EquipCarbon Monoxide Detector
Unit 3 Appl/EquipCarbon Monoxide Detector
BasementCrawl Space, Partial, Unfinished
Fuel TypeElectric, Gas-Propane Leased, Oil Tank Above Ground - Outside
Interior AmenitiesCarbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet
Other Rooms
Unit 2 Rooms5
Unit 1 Rooms3
Unit 3 Rooms6
Unit 3 Room DescriptionAttic, Bedrooms, Dining Room, Kitchen, Living Room, Storage
Unit 1 Room DescriptionAttic, Bedrooms, Dining Room, Kitchen, Laundry Room, Living/Dining Room
Unit 2 Room DescriptionBedrooms, Dining Room, Kitchen, Laundry Room, Living Room, Storage
General for 20 Morris Lake Rd
Architectural Style3-Three Story
Cooling3 Units, Ductless Split AC
CountySussex
DirectionsGoogle Maps
Drive2 Car Width, Driveway-Exclusive, Gravel
EasementYes
Full Baths6
GarageAttached Garage
Garage Spaces2
Gross Income
Heating3 Units, Heat Pump, Multi-Zone
Net Operating Income
Number Of Units Total3
Open Parking Spaces8
Operating Expense
PossessionAt closing
RoofAsphalt Shingle
ServicesFiber Optic
SewerSeptic
Standard StatusActive
StatusActive
Tax Annual Amount22041
Tax Assessed Value600900
Tax Lot40
Tax Year2025
Total Rooms12
Town #2820
TownshipSparta Twp.
UtilitiesElectric, Gas In Street, Gas-Propane
Year Built1910
Exterior for 20 Morris Lake Rd
Exterior AmenitiesBarbeque, Dock, Patio, Sidewalk
Exterior DescriptionAluminum Siding, Vertical Siding, Vinyl Siding
Lot Dimensions1.45 ACS
Lot FeaturesLake Front, Mountain View, Private Road
Lot Size Acres1.47
Water SourceWell
Additional Details
Price History
Brian Lee
Associate