NJ > Newark City
Newark City, NJ 07104,132 Ridge St
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Newark City, NJ 07104,132 Ridge St
Newark City, NJ 07104,132 Ridge St
Newark City, NJ 07104,132 Ridge St
Newark City, NJ 07104,132 Ridge St
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Patric Santo Pietro

Patric Santo Pietro

+1(732) 570-5442
$ 699,900
Est. payment /mo
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Active

132 Ridge St Newark City, NJ 07104

9 Beds

3 Baths

2,613 Sqft Lot

UPDATED:

09/11/2024 03:42 PM

Key Details

Property Type Multi-Family

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

Parking Type See Remarks

Building

Architectural Style 3-Three Story

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2024 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by EXP REALTY, LLC

Patric Santo Pietro

Agent | License ID: 1007170

+1(732) 570-5442

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