• Property Type
  • Residential Income
  • 4
  • Bedrooms
  • 3
  • Bathrooms
  • 1183
  • Area Size

11 Cleveland St , Morristown Town, New Jersey 07960-3808

  • $995,900

Description

ATTENTION INVESTORS: TENANT IN PLACE & BEING SOLD AS A RENTAL PROPERTY!!! Quality tenants in place in this like new two-family home. 2 leases in place. One lease recently signed for 2 years at $3,500/month and the other lease is signed at $2300/month and has one year remaining. Yearly Financials: Rent: $69,600 Property Taxes: $9,512, Sewer Costs: $400 Net Operating Income: $58,728 Walk to everything in Morristown location (train, school, downtown). Fully reconstructed home with all new everything. Laundry is private and inside the units. Off Street parking spaces. Top notch insulation and soundproofing in walls and ceilings. Rebuilt masterfully and with great care. Sizable backyard. Bathrooms are spacious with great water pressure from the new plumbing. Good ceiling height with tons of natural light, solid hardwood hickory floors. Kitchen countertops and backsplash are solid quartz and cabinets / vanities are solid wood. This property is being offered as a rental investment with a tenant already in place. The owner is seeking to sell it as part of a rental property package alongside MLS#4020634, MLS#4020635, MLS#4020616. Owner may consider selling individual properties.

  • City: Morristown Town
  • State/county: Morris

Details

Updated on April 18, 2026 at 8:25 am
  • Property ID HZ4020574
  • Price $995,900
  • Property Size 1183
  • Bedrooms 4
  • Bathrooms 3
  • Property Type Residential Income
  • Property Status Active

Mortgage Calculator

Schedule a Tour

Your information

Contact Information

View Listings
Queens Realty New Jersey

Enquire About This Property

Compare listings

Compare