16 Sherman Ave, Morris, NJ 07950

Local realty services provided by:Better Homes and Gardens Real Estate Coccia Realty
16 Sherman Ave,Morris Twp., NJ 07950
$825,000
  • - Beds
  • 2 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by:ryan bruen
Office:coldwell banker realty
MLS#:3989718
Source:NJ_GSMLS

Price summary

  • Price:$825,000

About this home

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!

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Home facts

  • Year built:1937
  • Listing ID #:3989718
  • Added:1 day(s) ago
  • Updated:September 30, 2025 at 04:56 PM

Rooms and interior

  • Total bathrooms:2
  • Full bathrooms:2

Heating and cooling

  • Cooling:4+ Units, Wall A/C Unit(s)
  • Heating:2 Units, Radiators - Steam

Structure and exterior

  • Roof:Asphalt Shingle
  • Year built:1937
  • Lot area:0.17 Acres

Utilities

  • Water:Public Water
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$825,000
  • Tax amount:$7,697 (2024)
The data relating to real estate for sale on this website comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing. Information deemed reliable but not guaranteed. 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker. This information is being provided for Consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties Consumers may be interested in purchasing. Date Last Updated September 30, 2025

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