Brandon Richetta - Coldwell Banker Hearthside
68 Ridgedale Ave
Morristown Town, NJ 07960

Description

Calling all savvy builders and developers! Lucrative opportunity to build in the HOT HOT HOT MORRISTOWN! A shovel-ready turn key development opportunity for 29condos w/52 parking spots $2mm profit! In the heart of one of NJ's most established & sought after neighborhoods. With Building permits approved & ready! As-is appraisal came in at $4,225,000 by Otteau appraisers & gross sell out of units at $13.4mm. Appraisal available upon request. It's not everyday you come across a true turn-key opportunity like this with over $2mm in potential profit. All documents available. Building permits are ready in the city of Morristown, environmental all clean. Turn Key ready to go! Won't Last Long! All units with descriptions are all available including plans, site plan, etc. ALL DOCUMENTS ARE AVAILABLE! TURNK KEY

Details

MLS#3495592
Sub-TypeResale
StatusActive
Days On Site87

Features

ZoningRes Condos
Acreage0.86

Additional Information

Annual Tax Amount99999999
Assesed Tax Valuation99999999
Tax ID2.760
Tax Rate2017
Tax Rate Year2017

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Area Information

StateNJ
CountyMorris
CityMorristown Town
Zip Code07960
AreaMorris
Listing VS Median (in 07960)
Price:
$3,649,000
low | high
Med:
$499,000
100% of Average
On Site:
87
low | high
Med:
24
100% of Average
Listing Updated: 11/11/2018
MLS Number: 3495592
Listing Provided By:
PAIS MICHELLE  of  SIGNATURE REALTY NJ