Properties

Description

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.

Features

  • Heating System : Heat Pump, Multi-zone, 3 Units
  • Cooling System : 3 Units, Ductless Split Ac
  • Basement : Partial, Unfinished, Crawl Space
  • Roof Deck : Asphalt Shingle
  • Parking : 8
  • Parking Description: 2 Car Width, Driveway-Exclusive, Gravel
  • Interior Features: Carbon Monoxide Detector, Fire Extinguisher, High
  • Exterior Features: Barbeque, Dock, Patio, Sidewalk
  • Lot Description: Lake Front, Mountain View, Private Road
  • Tax Assessed Valuation: 600900
  • Sewer: Septic
  • Water: Well

Appliances

  • Utilities: Electric, Gas In Street, Gas-Propane
  • Internet

Additional Info

  • Office Name: REWARDS REALTY LLC
  • Office MLS ID: 5288
  • Agent ID: 290598
  • Tax: 22041
  • Tax Year: 2025
  • Application Fee: $0

Multi-Family For Sale

For Sale
$785,000

20 Morris Lake Rd, Sparta Twp., *

  • SQFT 1.45 Acre
  • Bedroom 7
  • Built Year 1910

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5450513
  • Price: $785,000
  • Bedrooms: 7
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 1910
  • Year Built Description: Approximate, Under Construction
  • Lot Area: 1.45 Acre
  • Status: Active
  • Days On Market: 24

Contact Agent

Sky Realty & Associates

Map

Address Map

  • Country US
  • County Sussex
  • City Sparta Twp.
  • Zipcode *
  • Street: Morris Lake Rd
  • Street Number: 20
  • Street Direction: Google Maps
  • Floor Number: 0
  • Longitude: W75° 23' 28.7''
  • Latitude: N41° 2' 21.6''
  • Internet Display Address: Yes
Property