68-74 Ridgedale Ave | Morristown, NJ 07960
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- LoopNet Team
68-74 Ridgedale Ave
Morristown, NJ 07960
CANNON HOUSE · Multifamily Property For Sale
·
29 Units
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire nearly 30 units in Morristown
- Newly built, 375,000 SF office & innovation hub - M Station, anchored by Deloitte, anticipated to bring over 1,400 jobs into the immediate area
- Walking distance to everything Morristown has to offer: Over 150 restaurants & bars along The Green and South Street
- Excellent unit mix – 93% of the units are 2BD / 2BA
- Ability to customize interior finishes
- Train station with direct line to NYC (under 10 minutes walking)
PROPERTY FACTS
| No. Units | 29 | Lot Size | 0.72 AC |
| Property Type | Multifamily | Building Size | 37,726 SF |
| Property Subtype | Apartment | No. Stories | 3 |
| Apartment Style | Townhome | Year Built | 2025 |
| Building Class | B | Parking Ratio | 1.54/1,000 SF |
| Zoning | RT | ||
| No. Units | 29 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | B |
| Lot Size | 0.72 AC |
| Building Size | 37,726 SF |
| No. Stories | 3 |
| Year Built | 2025 |
| Parking Ratio | 1.54/1,000 SF |
| Zoning | RT |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Recycling
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 27 | - | - |
| 2+2 | 2 | - | - |
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $4,600,000 | Total Assessment | $4,600,000 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$4,600,000
Improvements Assessment
$0
Total Assessment
$4,600,000
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