37 Garden St, Morristown, NJ 07960

Versatile Two-Family Property with 700 SF of Additional Flex Space Just an eleven minute walk to NJ Transit NYC-direct service, this two-family property features two spacious 3-bedroom, 1-bath units, each with a large living room and eat-in kitchen. The first-floor unit also has a room in the semi-finished basement – a possible TV/family room, and washer/dryer hookups. Additional possibilities exist with access to second full bath and small office, that can be partitioned from the other half of the basement which is currently rented as flex space. Also in the basement is another 700 SF of secure, separately accessed flex space with a door from the backyard and first floor. Currently divided into multiple rooms, a full bath, and locked off from the residential space, it offers excellent potential for a home office, recreation area, hobby space, storage, or other permitted uses. Bonus room and flex-space are NOT rent controlled, they are currently rented as a separate space to the tenants at “market rate”. Plumbing is already in place for an additional laundry setup. Buyer to verify permitted uses and zoning requirements. First and second floor units have separate electric, electric heat, and central air ducting. Water and sewer are landlord-paid. Sewer recently scoped and new clean-out installed. Water pipes from street service inspected and verified as copper. An oversized yard and six parking spaces with potential for more complete this flexible property with exceptional space and utility. Understand the below terms: **Property AS-IS. **Delivered WITH rent-leveled tenants who must be given 60 days notice by purchaser or by seller after contract is signed, where allowed by law. **Tenants are month to month. **2025 gross $59k. **Please review: Town of Morristown "rent-leveling" guidelines along with 60 day notice to vacate laws and requirements. Bonus room and flex-space are NOT rent leveled, thus market rate.