16 E Elro Dr Jefferson Twp., NJ 07438

5 Unit multi-family property offering 3 standalone structures -- 16 E Elro, 18 E Elro and 20 E Elro. The 16 E Elro 2-family, lakeview property consists of a 1 BR, 1-bath unit on the 1st floor and a 2-BR, 1-Bath unit on the 2nd floor. 18 E Elro is a stand-alone cottage with an open floor plan and 1-bath. 20 E Elro is a side-by-side, 2-family dwelling with 1-BR and 1-Bath unit on each side. These 3 structures offer a terrific and rare investment opportunity. When fully rented, the annual gross income is over $66,500, annual expenses are approximately $12,500 All dwellings are on one lot as per seller.

• General Features
  • County Name Morris
  • FHA Age Restricted No
  • Subdivision Oakridge
• Building Features
  • Construction Date Year Built 1960
  • Color of Building Red
  • Bedrooms 6
  • Basement No
  • Interior Features Carbon Monoxide Detector, Fire Extinguisher, See Remarks, Smoke Detector
  • Heating 1 Unit
  • Cooling None
  • Construction Date Year Built Des Approximate
  • Water Well
  • Utilities Electric, Gas-Propane
  • Total Units 4
  • Total Baths 5.00
  • Total Full Baths 5
  • Total Half Baths 0
  • Roof Description Asphalt Shingle
• Property Features
  • Total Acres 0.34
  • Sewer Septic
  • Exterior Features Deck, Open Porch(es), See Remarks, Thermal Windows/Doors
  • Exterior Type See Remarks, Wood
  • Lot Description Corner, Lake/Water View, Open Lot
  • Parking Driveway Description Common, Dirt
  • Approximate Lot Size 0.337 AC