11 Cleveland St, Morristown, NJ 07960
Local realty services provided by:CENTURY 21 Sylvia Geist Agency
11 Cleveland St,Morristown Town, NJ 07960
$995,900
- 4 Beds
- 3 Baths
- 1,183 sq. ft.
- Multi-family
- Active
Listed by: douglas tucker, kelvin veras
Office: compass new jersey, llc.973-315-8180
MLS#:4020574
Source:NJ_GSMLS
Price summary
- Price:$995,900
- Price per sq. ft.:$841.84
About this home
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....
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Home facts
- Year built:1906
- Listing ID #:4020574
- Added:8 day(s) ago
- Updated:April 23, 2026 at 02:22 PM
Rooms and interior
- Bedrooms:4
- Total bathrooms:3
- Full bathrooms:3
- Half bathrooms:1
- Rooms Total:12
- Basement Description:Basement, Unfinished
- Living area:1,183 sq. ft.
Heating and cooling
- Cooling:1 Unit
- Heating:1 Unit
Structure and exterior
- Roof:Asphalt Shingle
- Year built:1906
- Building area:1,183 sq. ft.
- Lot area:0.13 Acres
- Lot Features:Level Lot
- Architectural Style:3-Three Story
- Construction Materials:Aluminum Siding
- Exterior Features:Curbs, Deck, Privacy Fence, Sidewalk
Schools
- High school:Morristown
- Middle school:Frelghuysn
- Elementary school:A.Hamilton
Utilities
- Water:Public Water, Water Charge Extra
- Sewer:Public Sewer, Sewer Charge Extra
Finances and disclosures
- Price:$995,900
- Price per sq. ft.:$841.84
- Tax amount:$6,892 (2025)
Features and amenities
- Amenities:Fire Alarm Sys, Fire Extinguisher, Gas-Natural, High Ceilings, Smoke Detector
Parking
- Parking description:2 Car Width, Blacktop Driveway
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