About 20 Morris Lake Rd
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.
Features of 20 Morris Lake Rd
| MLS® # | 4044809 |
|---|---|
| Price | $785,000 |
| Bedrooms | 7 |
| Bathrooms | 6.00 |
| Full Baths | 6 |
| Acres | 1.47 |
| Year Built | 1910 |
| Type | Multi Family |
| Style | 3-Three Story |
| Status | Active |
Community Information
| Address | 20 Morris Lake Rd |
|---|---|
| City | Sparta Twp. |
| County | Sussex |
| State | NJ |
| Zip Code | 07871-3616 |
Amenities
| Utilities | Electric, Gas In Street, Gas-Propane |
|---|---|
| Parking Spaces | 8 |
| Parking | 2 Car Width, Driveway-Exclusive, Gravel |
| # of Garages | 2 |
| Garages | Attached Garage |
| Has Pool | No |
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 |
| Fireplace | No |
| Has Basement | Yes |
| Basement | Crawl Space, Partial, Unfinished |
Exterior
| Exterior | Aluminum Siding, Vertical Siding, Vinyl Siding |
|---|---|
| Exterior Features | Barbeque, Dock, Patio, Sidewalk |
| Roof | Asphalt Shingle |
Additional Information
| Date Listed | August 3rd, 2026 |
|---|
Listing Details
| Office | REWARDS REALTY LLC |
|---|---|
| Contact Info | 8622625869 |