USANJMorristown249 Speedwell Ave
249 Speedwell Ave, Home with 4 bedrooms, 2 bathrooms and null parking in Morristown NJ | Image 1
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$699,999

249 Speedwell Ave, Morristown, NJ

Real Estate

For Sale

$--,---,---
420
  • Key Facts
  • Description
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Key Facts

Type Multi Family
Levels Residential Income
Size -
Garage No
Taxes $8,733
Days Active 0
Lot Size 
Approx. Age 1898
MLS® Number 3980707

Property Address: 

Average square foot calculated using Size range provided by listing agent.

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.Show Description
MLS® Number3980707
Laundry Level
Central VacNo
FireplaceNo
Acreage0.29
ExteriorPartially Fenced, Sidewalk
GarageNo
Approx. Age1898
BasementUnfinished
Driveway1 Car Width, Blacktop, Off-Street Parking
Garage Spaces
HeatHeat Source: Electric, Heating Type: 4+ Units, See Remarks
A/C4+ Units
Heating Fuel

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