20 Morris Lake Rd, Sparta Twp., NJ 07871
- $785,000
- 7
- BD
- 6
- BA
- List Price
- $785,000
- Price Change
- ▲ $7,000 1787896902
- MLS#
- 4044809
- Dom
- 24
- Year Built
- 1910
- Status
- ACTIVE
- County
- Sussex
- City
- Sparta Twp.
- Bedrooms
- 7
- Bathrooms
- 6
- Baths Full
- 6
- Acres
- 1.47
Property Description
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.
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Additional Information
- Taxes
- $22,041
- Cooling
- 3 Units, Ductless Split AC
- Exterior
- Aluminum Siding, Vertical Siding, Vinyl Siding
- Garage Spaces
- 2
- Garage Description
- Attached Garage
- Heating
- 3 Units, Heat Pump, Multi-Zone
- Interior
- Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet
- Roof
- Asphalt Shingle
- Sewer
- Septic
- Water
- Well
- Basement
- Yes
- Lot Description
- Lake Front, Mountain View, Private Road
- Exterior Features
- Barbeque, Dock, Patio, Sidewalk
- Garage Description
- Attached Garage
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Listing Courtesy Of REWARDS REALTY LLC, Contact: 8622625869
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