249 Speedwell Ave
Morristown Town, NJ 07960
Price: $699,999
GSMLS: 3980707Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 4
Baths: 2 Full
Garage: No
Year Built: 1898
Acres: 0.29
Property Tax: $8,733
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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
9
Basement:
Yes - Unfinished
Interior:
Carbon Monoxide Detector, Fire Extinguisher
Roof:
Asphalt Shingle
Exterior:
Wood Shingle
Lot Size:
50X257
Lot Desc:
Backs to Park Land, Irregular Lot, Lake/Water View
Parking
Garage Capacity:
No
Description:
n/a
Parking:
1 Car Width, Blacktop, Off-Street Parking
Spaces Available:
1
Unit 1
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Eat-In Kitchen, Kitchen, Living Room, Master Bedroom, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Kitchen, Porch, Master Bedroom
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Dishwasher, Dryer, Microwave Oven, Range/Oven - Gas, Refrigerator, Smoke Detector, Washer
Utilities:
Owner Pays Gas, Owner Pays Water, Tenant Pays Electric
Handicap:
No
Unit 3
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
4+ Units, See Remarks
Heating Fuel:
Electric
Cooling:
4+ Units
Water Heater:
Gas
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
n/a
School Information
Elementary:
n/a
Middle:
Frelinghuysen Middle School (6-8)
High School:
Morristown High School (9-12)
Community Information
County:
Morris
Town:
Morristown Town
Neighborhood:
n/a
Financial Considerations
List Price:
$699,999
Tax Amount:
$8,733
Land Assessment:
$223,600
Build. Assessment:
$330,900
Total Assessment:
$554,500
Tax Rate:
1.58
Tax Year:
2024
Listing Information
MLS ID:
3980707
List Date:
08-11-2025
Days On Market:
1
Listing Broker:
COLDWELL BANKER REALTY
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MountainClubNJ.com
