Fully occupied 4 unit multi family in Roxbury, NJ. Four 1 Bedroom apartments, rents are under market.12 Mark Lane is on .65 acres acres and backs up to a beautiful lake, adding to the desirability and rental enthusiasm. All tenants have access to the lake (with a private beach) and there is a common washer and dryer in the building for tenant use. This private and tranquil setting in Morris County is near numerous employers ensuring a steady stream of renters. The units have been partially updated with some in need of minor cosmetic upgrades, giving an easy path to further increase the rents. 12 Mark Lane is on well and septic, washer and dryer provided for all tenants and heat is paid by tenants. Any investor looking for a solid and predictable cash flow should strongly consider 12 Mark Lane to their portfolio.
Property Details
Property Features
Property Information:
Architectural Style: 1-One Story
Year Built: 1955
Listing Office:
Office Name: FAIRCLOUGH REALTORS
Interior Features
Interior Information:
Appliances: Dryer, Refrigerator, Washer
Basement: No
Bedroom and Bathroom Information:
Full Bathrooms: 4
Total Bedroom Count: 4
Exterior Features
Exterior Information:
Exterior: Lake Privileges
Parking Information:
Parking: Blacktop, Crushed Stone
Lot Features
Lot Information:
Lot Size: 0.65 Acres
Utilities
Utilities Information:
Heating: Baseboard, Electric
Other
Directions Information:
Directions: End of Mark Lane
Price Details
Listing Price Info
Price Summary:
List Price: $625,000
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Property Sales & Tax
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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The neighbors living near this home have an average income of $95,777. Most Roxbury Township, NJ residents have annual incomes between $35k-100k. The most common type of family is single, no kids. The majority of residents in this area have post secondary degree education.
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This home is located at 12 Mark Ln Unit 4 in Roxbury Twp, NJ and zip code 07876. This home, which was built in 1955, sits on a 0.65 acre lot. Features: 4 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since September 02, 2022 and is currently priced at $625,000.
In January 2023, from all listings sold in Roxbury Township, NJ there were more than 5 sold above asking price, over 3 sold below and more than 3 were sold right at the asked price. The number of homes for sale in Roxbury Township, NJ decreased by 16.3% between December 2022 and January 2023.
From Rocket Homes Real Estate and based on county public records data.
Information deemed reliable but not guaranteed. Copyright © 2023 Garden State Multiple Listing Service, L.L.C. All rights reserved. 
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