16 Sherman Ave Morris Twp., NJ 07950
Listing Courtesy of: GARDEN STATE MLS - IDX / Coldwell Banker Realty / Ryan Bruen / Scott Bruen - Contact:  973-294-8887

  16 Sherman Ave Morris Twp., NJ 07950

Active (8 Days)
$825,000 (USD)
3
BED
2
BATH

Description

Prime Morris Twp 2-Family with a 4 car detached garage with 2nd Floor storage. This turn-key asset presents significant value-add potential. The 1st Flr unit (1BR+Den) is rented below market at 60 day /mo. The VACANT 2nd Flr unit (2BR) is freshly painted with a new stove & fridge, ready for market. This upper unit also features a fantastic walk-up 3rd floor office/den. A landlord's dream with ALL SEPARATE UTILITIES and a NEW ROOF. Full basement with 2 sets of laundry hookups and dedicated tenant parking on-site. Meticulously maintained and in a fantastic location with a Morris Plains mailing address. This is the low-expense, high-potential investment you've been waiting for!

MLS #:
3989718
Taxes
$7,697(2024)
Lot Size
7,405 SQFT
Type
Multifamily
Year Built
1937
County
Morris County

Listed By

Ryan Bruen, Coldwell Banker Realty, Contact: 973-294-8887
Scott Bruen, Coldwell Banker Realty
Source
GARDEN STATE MLS - IDX
Last checked Oct 9 2025 at 2:03 AM EDT
Bathroom Details
  • Full Bathrooms: 2
Interior Features
  • Carbon Monoxide Detector
  • Smoke Detector
Lot Information
  • Level Lot
Heating and Cooling
  • 2 Units
  • Radiators - Steam
  • Window A/C(s)
  • 4+ Units
Basement Information
  • Unfinished
Exterior Features
  • Vinyl Siding
  • Roof: Asphalt Shingle
Utility Information
  • Utilities: Gas-Natural, Public Water
  • Sewer: Public Sewer
  • Fuel: Gas-Natural
Garage
  • Detached Garage
  • Loft Storage
Parking
  • Crushed Stone
Additional Information: Morristown | 973-294-8887
Location
   
Calculate drive times to this property
 
Powered by INRIX® Drive Time

Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
Down payment
%
Interest rate
%
Mortgage calculator estimates are provided by Coldwell Banker Real Estate LLC and are intended for information use only. Your payments may be higher or lower and all loans are subject to credit approval.
Disclaimer: The data displayed relating to real estate for sale comes in part from the IDX Program of the Garden State Multiple Listing Service, L.L.C. Real Estate listings held by other brokerage firms are marked as IDX Listing.Information deemed reliable but not guaranteed. Listing Data Copyright 2025 Garden State Mulitple Listing Service, L.L.C. All rights reserved
Notice: The dissemination of listings displayed herein does not constitute the consent required by N.J.A.C. 11:5.6.1(n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained inwriting from the listing broker.
This information is being provided for Consumers’ personal, non-commercial use and may not be used for anypurpose other than to identify prospective properties Consumers may be interested in purchasing.