For Sale
Multi-Family
MLS# 4044809
20 Morris Lake Rd
Sparta Twp., NJ 07871
$850,000
- 7Beds
- 6Baths
- 1.47Acres
- 1910Built
Sparta Twp., NJ 07871
$850,000
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.
Questions on 20 Morris Lake Rd, Sparta Twp., NJ 07871, or want to see it in person?
Listed by REWARDS REALTY LLC
Real estate in Northern New Jersey — honest, experienced, and with you long after the ink dries.
Contact
Keller Williams Prosperity Realty
1700 Rt. 23 N, Suite 300, Wayne, NJ 07470
973-370-9539 Team@ThePatLoweGroup.com
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