16 Sherman Ave
Morris Twp, NJ 07950
Price: $825,000
GSMLS: 3989718Type: Multi-Family
Style: Under/Over
Total Units: 2
Beds: 3
Baths: 2 Full
Garage: 4-Car
Year Built: 1937
Acres: 0.17
Property Tax: $7,697
Description
Prime Morris Twp 2-family Offering A Unique Third Income Stream From 4 Detached Garages, Each Rented For $165/mo ($660/mo Total). This Turn-key Asset Presents Significant Value-add Potential. The 1st Flr Unit (1br+den) Is Rented Below Market At $1800/mo. The Vacant 2nd Flr Unit (2br) Is Freshly Painted With A New Stove & Fridge, Ready For Market Rent ($2400+ Est). 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!
General Info
Style:
Under/Over
SqFt Building:
n/a
Total Rooms:
10
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Vinyl Siding
Lot Size:
n/a
Lot Desc:
Level Lot
Parking
Garage Capacity:
4-Car
Description:
Detached Garage, Loft Storage
Parking:
Crushed Stone
Spaces Available:
4
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
5
Room Description:
Den, Dining Room, Kitchen, Living Room, Master Bedroom
Levels:
1
Square Foot:
n/a
Fireplaces:
1
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
2
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Den, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Range/Oven - Gas, Refrigerator, Smoke Detector
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:
2 Units, Radiators - Steam
Heating Fuel:
Gas-Natural
Cooling:
4+ Units, Window A/C(s)
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Gas-Natural
Services:
Cable TV Available, Garbage Included
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Morris
Town:
Morris Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$825,000
Tax Amount:
$7,697
Land Assessment:
$206,500
Build. Assessment:
$178,000
Total Assessment:
$384,500
Tax Rate:
2.00
Tax Year:
2024
Listing Information
MLS ID:
3989718
List Date:
09-30-2025
Days On Market:
0
Listing Broker:
COLDWELL BANKER 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
