132 Ridge St Active Save Request In-Person Tour Request Virtual Tour
Newark City,NJ 07104
Key Details
Property Type Multi-Family, Commercial
Listing Status Active
Purchase Type For Sale
MLS Listing ID 3917173
Style 3-Three Story
Bedrooms 9
Full Baths 3
Annual Tax Amount $12,183
Tax Year 2023
Lot Size 2,613 Sqft
Property Description
Ideal for both investors and owner-occupants alike, this gem of a property offers versatility and promise. Each unit, currently occupied on a month-to-month basis, presents an opportunity for stability or potential reconfiguration according to preference. This expansive 3-family residence boasting nearly 3,700 square feet of luxurious living space. Currently fetching a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to elevate revenue to over $6,000 monthly by increasing the below market rent units. Separate utilities for each. Also, one or two units can be delivered vacant. Nestled within a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station so commuting to Newark Penn Station becomes effortless, offering seamless access to the bustling cityscape. Enjoy leisurely strolls to the esteemed Branch Brook Park just 5 minutes away, while major thoroughfares such as Route 280, Route 21, and the Garden State Parkway ensure easy connectivity to all destinations. Don't miss out on this rare chance to secure your slice of urban paradise.
Location
State NJ
County Essex
Rooms
Basement Full
Interior
Heating Gas-Natural
Cooling Wall A/C Unit(s)
Heat Source Gas-Natural
Exterior
Exterior Feature Aluminum Siding
Roof Type Flat
Building
Architectural Style 3-Three Story
Others
Senior Community No