11 Cleveland St
Morristown Town, NJ 07960
Price: $995,900
GSMLS: 4020574Type: Multi-Family
Style: 3-Three Story
Total Units: 2
Beds: 4
Baths: 3 Full & 1 Half
Garage: No
Year Built: 1906
Acres: 0.13
Property Tax: $6,892
Description
Open House Saturday 1PM–4PM.
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.General Info
Style:
3-Three Story
SqFt Building:
1,183
Total Rooms:
12
Basement:
Yes - Unfinished
Interior:
Fire Alarm Sys, Fire Extinguisher, High Ceilings, Smoke Detector
Roof:
Asphalt Shingle
Exterior:
Aluminum Siding
Lot Size:
n/a
Lot Desc:
Level Lot
Parking
Garage Capacity:
No
Description:
n/a
Parking:
2 Car Width, Blacktop
Spaces Available:
2
Unit 1
Bedrooms:
3
Bathrooms:
2
Total Rooms:
8
Room Description:
Bedrooms, Dining Room, Kitchen, Living Room
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Microwave Oven, Range/Oven - Electric, Smoke Detector, Stackable Washer/Dryer
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
Handicap:
No
Unit 2
Bedrooms:
1
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Laundry Room, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Dishwasher, Range/Oven - Electric, Smoke Detector, Stackable Washer/Dryer, Sump Pump
Utilities:
Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Water
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:
1 Unit
Heating Fuel:
Gas-Natural
Cooling:
1 Unit
Water Heater:
Electric, Gas
Water:
Public Water, Water Charge Extra
Sewer:
Public Sewer, Sewer Charge Extra
Utilities:
Electric, Gas-Natural
Services:
Cable TV Available, Fiber Optic Available, Garbage Included
School Information
Elementary:
Alexander Hamilton School (3-5)
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:
$995,900
Tax Amount:
$6,892
Land Assessment:
$312,700
Build. Assessment:
$269,800
Total Assessment:
$582,500
Tax Rate:
1.76
Tax Year:
2025
Listing Information
MLS ID:
4020574
List Date:
04-14-2026
Days On Market:
1
Listing Broker:
COMPASS NEW JERSEY, LLC
Listing Agent:
Douglas Tucker
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: SeasonsGlenCondos.com
