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, or a multi-generational buyer, 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. 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.
0.29 Private Acres Exterior Space
Multi Family
$8,733 Annual Tax
Built in 1898
MLS/Listing ID 3980707
2 Units
Sidewalk
Lot - Irregular Lot
Listing Courtesy of COLDWELL BANKER REALTY, ROBERT KOBUS
Source of Data: GARDEN STATE MLS
TOTAL MONTHLY COST
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