Share this with your friends
+19737130274
Keller Williams Integrity
20 Morris Lake Rd, Sparta Twp., NJ 07871
- $785,000
- 7
- BD
- 6
- BA
- List Price
- $785,000
- MLS#
- 4044809
- Year Built
- 1910
- Status
- ACTIVE
- County
- Sussex
- City
- Sparta Twp.
- Bedrooms
- 7
- Bathrooms
- 6
- Baths Full
- 6
- Acres
- 1.47
Property 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.
Additional Information
- Taxes
- $22,041
- Cooling
- Ductless Mini-Split, Multi Units
- Garage Spaces
- 2
- Heating
- Heat Pump, MultiZone, Multiple Heating Units
- Roof
- Asphalt
- Sewer
- Septic Tank
- Basement
- Partial, Crawl Space, Unfinished
- Exterior Features
- Dock, Sidewalk, Barbecue, Patio
Mortgage Calculator
Listing Courtesy Of REWARDS REALTY LLC, Contact:
The data displayed relating to real estate for sale comes in part from the IDX Program of Garden State Multiple Listing Service, L.L.C. Real estate listings held by other brokerage firms are marked as IDX Listing.
The information being provided is for the consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Information deemed reliable but not guaranteed.
Copyright 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Updated: