22 Terrace Ave
Butler Boro, NJ 07405
Price: $420,000
GSMLS: 3988748Type: Multi-Family
Style: 2-Two Story, Under/Over
Total Units: 2
Beds: 3
Baths: 2 Full
Garage: 1-Car
Year Built: 1932
Acres: 0.13
Property Tax: $7,163
Description
Fantastic 2-unit Opportunity! Don't Miss This Income-producing Property W/ Prime Location Close To Shopping & Public Transportation. Unit One: 2 Br, 1 Ba, Spacious Lr, Large Eat-in Kitchen & Rear Porch For Added Outdoor Space. Ground Floor Unit: 1 Br, 1 Ba, Lr & Eat-in Kitchen. Both Units Are Equipped W/ In-unit Washer/dryer For Convenience. Additional Highlights Include A Built-in 1-car Garage And A Generous Property Size, Offering Both Value & Potential. Currently Generating Just Under $40,000 Annually In Rental Income, This Is A Fantastic Investment Opportunity Whether You're Looking To Expand Your Portfolio Or Live In One Unit While Collecting Rent From The Other.
General Info
Style:
2-Two Story, Under/Over
SqFt Building:
n/a
Total Rooms:
8
Basement:
No
Interior:
n/a
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
50X110
Lot Desc:
n/a
Parking
Garage Capacity:
1-Car
Description:
Attached Garage
Parking:
Blacktop
Spaces Available:
4
Unit 1
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Living Room, Porch
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dryer, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
3
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dryer, Range/Oven - Electric, Refrigerator, Smoke Detector, Washer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
Baseboard - Hotwater
Heating Fuel:
Gas-Natural
Cooling:
Window A/C(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Morris
Town:
Butler Boro
Neighborhood:
n/a
Financial Considerations
List Price:
$420,000
Tax Amount:
$7,163
Land Assessment:
$196,800
Build. Assessment:
$115,800
Total Assessment:
$312,600
Tax Rate:
2.50
Tax Year:
2024
Listing Information
MLS ID:
3988748
List Date:
09-24-2025
Days On Market:
0
Listing Broker:
KELLER WILLIAMS PROSPERITY REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
