20 Morris Lake Rd, Sparta Twp., NJ 07871
20 Morris Lake Rd, Sparta Twp., NJ 07871
20 Morris Lake Rd, Sparta Twp., NJ 07871
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Niraj Parikh

Niraj Parikh

+1(848) 565-5006
$778,000
Est. payment /mo
7 Beds
6 Baths
7,800 SqFt
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Key Details

Property Type Multi-Family, Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 7,800 sqft

Price per Sqft $99

MLS Listing ID 4044809

Style 3-Three Story

Bedrooms 7

Full Baths 6

Year Built 1910

Annual Tax Amount $22,041

Tax Year 2025

Lot Size 1.470 Acres

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.

Location

State NJ

County Sussex

Rooms

Basement Crawl Space, Partial, Unfinished

Interior

Interior Features Carbon Monoxide Detector, Fire Extinguisher, High Ceilings, Smoke Detector, Walk-In Closet

Heating Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside

Cooling 3 Units, Ductless Split AC

Heat Source Electric, Gas-Propane Leased, Oil Tank Above Ground - Outside

Exterior

Exterior Feature Aluminum Siding, Vertical Siding, Vinyl Siding

Parking Features Attached Garage

Garage Spaces 2.0

Utilities Available Electric, Gas In Street, Gas-Propane

Roof Type Asphalt Shingle

Building

Lot Description Lake Front, Mountain View, Private Road

Sewer Septic

Water Well

Architectural Style 3-Three Story

Others

Senior Community No

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Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2026 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by REWARDS REALTY LLC

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Niraj Parikh

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(848) 565-5006

parikhrealty@gmail.com

New Jersey, United States

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