16 E Elro Dr $699,900


    16 E Elro Dr Jefferson Twp., NJ 07438

    • 6 Beds
    • 5 Baths
    • Multi-Family
    • MLS# 3761954
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    Views: 64 Days On Site: 416

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    Property Details

    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


    Kathy Courter

    Kathy Courter

    Broker / Salesperson

    RE/MAX House Values

    Cell: 973-420-0022


    07438 (Jefferson Twp.) Demographics

    45 Median Age
    403 Population Density (per sq. mile)
    49% College Educated
    $121,161 Estimated Median Income
    4,232 Estimated Total Home Owners
    347 Estimated Total Renters
    92% / 8% Estimated Owner / Renter Divide
    3 Estimated Average Household Size
    11,807 Total Population
    Community data courtesy of LiveBy, Inc.

    Market Last 30 Days In This Postal Code

    $0 Median Sales Price
    0 Homes Sold
    10 New On Market

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        Property History

        Date Event Price Percent Change
        -- Current Price Source: Multiple Listing Service New Value: $699,900
        2/2/2022 6:19:00 PM New in Database Source: Multiple Listing Service New Value: $699,900

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        Note: All room dimensions, including square footage data, are approximate and must be verified by the buyer. The information contained herein is furnished by the owner to the best of his/her knowledge but is subject to verification by the purchaser, and agent assumes no responsibility for the correctness thereof. The sale offering is made subject to errors, omissions, change of price, prior sale, or withdrawal without notice. In accordance with the Law, this property is offered without respect to race, color, creed, national origin, sex, familial status or disability. This is not intended to solicit property currently listed.