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132 Ridge St

Newark City, NJ 07104
  • $669,900
  • STATUS: Active
  • ON SITE: 50 Days
  • MLS #: 3899041
UPDATED: 46 min ago
$669,900
  • 9
    BEDS
  • 0.06
    ACRES
  • 3
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
County:
Area:

School Ratings & Info

Description

Ideal for both astute investors and discerning 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.

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Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-20T06:46:55.68.
www.trompeterrealestate.com/homes/150049078
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132 Ridge St Newark City, NJ 07104

  • Price: $669,900
  • Status: Active
  • On Site: 50 Days
  • Updated: 46 min ago
  • MLS #: 3899041
9
Beds
3
Baths
0
½ Baths
0.06
Acres
County:
Essex
Area:
Newark City
Property Description
Ideal for both astute investors and discerning 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.
Exterior Features

Approximate Lot Size 28X100 Exterior Description Aluminum Siding Number Of Parking Spaces 0 Parking Driveway Description See Remarks Roof Description Flat

Interior Features

Basement Yes Basement Description Full Cooling Wall A/C Unit(s) Heating 3 Units Total Number Of Rooms 15 Unit1 Appliances Equipment CookGas Unit1 Baths 1.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description BedroomsEat-In KitchenLiving RoomSee Remarks Unit1 Rooms 5 Unit1 Security Deposit 0 Unit1 Sq Ft 0 Unit2 Appliances Equipment CookGas Unit2 Baths 1.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 2 Unit2 Room Description BedroomsEat-In KitchenLiving RoomSee Remarks Unit2 Rooms 5 Unit2 Sq Ft 0 Unit3 Baths 1.0 Unit3 Bedrooms 3 Unit3 Fireplaces 0 Unit3 Levels 3 Unit3 Room Description BedroomsEat-In KitchenLiving RoomSee Remarks Unit3 Rooms 5 Unit3 Sq Ft 0

Property Features

Assessment Total 326800 Building Assessment 305200 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 5091 Land Assessment 21600 Net Operating Income 0 Tax Amount 12183 Tax Rate Amount 3.728 Tax Rate Year 2023 Tax Year 2023 Total Operating Expense 0 Unit Style 3-Three Story Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 1605 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1486 Unit2 Security Deposit 0 Unit3 Handicap Modified No Unit3 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit3 Rent 2000 Unit3 Security Deposit 0

Listing information © 2024 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Exp Realty, Llc: 862-704-4058.


Garden State MLS logo © 2024 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Trompeter Real Estate. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Trompeter Real Estate are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2024-06-20T06:46:55.68.
 
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