1. New Jersey
  2. Morristown Town
  3. 249 Speedwell Ave 2
$699,999

249 Speedwell Ave 2, Morristown Town, NJ 07960

  • 4 beds |
  • 2 baths
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1898
  • Property Lot Size Icon0.29acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 19 days ago

Property Description

Welcome to 249 Speedwell Avenue a fully updated, income-producing two-family home in the heart of one of New Jersey's hottest rental markets. Both apartments one spacious 5-room unit and one charming 4-room unit have been tastefully updated, allowing you to command top-dollar rent from day one with zero renovation downtime.Set on an oversized 0.29-acre lot, this property offers plenty of parking, outdoor space, and potential for future expansion (with approvals). Whether you're an investor seeking immediate cash flow, a house hacker looking to live in one unit while the other covers your mortgage. This property delivers flexibility and profit potential.The location is unbeatable minutes to the Morristown Green, NJ Transit direct to NYC, upscale dining, nightlife, shops, and year-round cultural events. With Morristown's rental demand and property values surging, this is an investment you can hold for appreciation or leverage for short-term gains. Add a premium short-term rental strategy, furnished executive rentals, or corporate housing for even higher returns, tapping into Morristown's strong tourism and commuter markets.Updated, income-ready, and in a prime growth market 249 Speedwell Ave is the kind of asset that builds wealth. Multiple income strategies, immediate equity growth, and a location that keeps tenants coming back don't miss your chance to secure it.

Listing Status:
Pending
Listing Office:
COLDWELL BANKER REALTY : 973-543-2552
MLS ID:
3980707

This listing courtesy of COLDWELL BANKER REALTY

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

S

Sussex Avenue School

125 Sussex Ave, Morristown, NJ, 07960

Grades 3-5

0.45 miles away

F

Frelinghuysen Middle School

West Hanover Avenue, Morristown, NJ, 07960

Grades 6-8

1.40 miles away

M

Morristown High School

50 Early St, Morristown, NJ, 07960

Grades 9-12

0.55 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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