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The Mountaintop Group
20 Morris Lake Rd, Sparta Twp., NJ 07871
- $785,000
- 7
- BD
- 6
- BA
- List Price
- $785,000
- Status
- ACTIVE
- MLS#
- 4044809
- Bedrooms
- 7
- Bathrooms
- 6
- Full Baths
- 6
- Lot Size (Acres)
- 1.47
- Year Built
- 1910
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.
Additional Information
- Area
- Sparta Twp.
- Utilities
- Electricity Available, Propane, Gas at Street
- Taxes
- $22,041
- Basement
- Partial, Crawl Space, Unfinished
- Cooling
- Ductless Mini-Split, Multi Units
- Roof
- Asphalt
- Show Address
- Yes
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