Properties

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.

Features

  • Heating System : 3 Units
  • Cooling System : Wall A/c Unit(s)
  • Basement : Full
  • Roof Deck : Flat
  • Parking Description: See Remarks
  • Tax Assessed Valuation: 326800

Additional Info

  • Office Name: EXP REALTY, LLC
  • Office MLS ID: 5028
  • Agent ID: 298731
  • Tax: 12183
  • Tax Year: 2023
  • Application Fee: $0

Multi-Family For Sale

For Sale
$699,900

132 Ridge St, Newark City, *

  • SQFT 28 Acre
  • Bedroom 9

Details

  • Property Type: Multi-Family
  • Listing Type: For Sale
  • Listing ID: 5305006
  • Price: $699,900
  • Bedrooms: 9
  • Bathrooms: 0
  • Half Bathrooms: 0
  • Square Footage: 0 Sqft
  • Year Built: 0
  • Lot Area: 28 Acre
  • Status: Active
  • Days On Market: 38

Contact Agent

Map

Address Map

  • Country US
  • County Essex
  • City Newark City
  • Zipcode *
  • Street: Ridge St
  • Street Number: 132
  • Street Direction: Between Park Ave and Bloomfield Ave
  • Floor Number: 0
  • Longitude: W75° 49' 20.3''
  • Latitude: N40° 45' 26''
  • Internet Display Address: No
Property