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132 Ridge St

Newark NJ 07104

9
3
0.06 ac.
Multi-Family
Currently for sale - view listing

Overview

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

9 bedrooms
3 bathrooms
0.06 ac. lot size
Multi-Family

Property history for 132 Ridge St

2020
Sold
$385,000
25 Aug 2020 by MICHAEL MORRIS, of VRI HOMES

Happy sellers in Newark

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We have insufficient information to provide an overview of customer satisfaction for Newark. Viewing the agent profiles, reviews and sales for Newark can provide insights for this location.

Local market activity for 9 bedroom multi families in Newark

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Sales:
(619) 566-0008
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