132 Ridge St
Newark City, NJ 07104
Price: $699,900
GSMLS: 3917173Type: Multi-Family
Style: 3-Three Story
Total Units: 3
Beds: 9
Baths: 3 Full
Garage: No
Year Built: Unknown
Acres: 0.06
Property Tax: $12,183
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.
General Info
Style:
3-Three Story
SqFt Building:
n/a
Total Rooms:
15
Basement:
Yes - Full
Interior:
n/a
Roof:
Flat
Exterior:
Aluminum Siding
Lot Size:
28X100
Lot Desc:
n/a
Parking
Garage Capacity:
No
Description:
n/a
Parking:
See Remarks
Spaces Available:
n/a
Unit 1
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 2
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
2
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
3
Bathrooms:
1
Total Rooms:
5
Room Description:
Bedrooms, Eat-In Kitchen, Living Room, See Remarks
Levels:
3
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
CookGas
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
n/a
Bathrooms:
n/a
Total Rooms:
n/a
Room Description:
n/a
Levels:
n/a
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
n/a
Utilities:
n/a
Handicap:
n/a
Utilities
Heating:
3 Units
Heating Fuel:
Gas-Natural
Cooling:
Wall A/C Unit(s)
Water Heater:
n/a
Water:
n/a
Sewer:
n/a
Utilities:
n/a
Services:
n/a
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Essex
Town:
Newark City
Neighborhood:
n/a
Financial Considerations
List Price:
$699,900
Tax Amount:
$12,183
Land Assessment:
$21,600
Build. Assessment:
$305,200
Total Assessment:
$326,800
Tax Rate:
3.73
Tax Year:
2023
Listing Information
MLS ID:
3917173
List Date:
08-04-2024
Days On Market:
102
Listing Broker:
EXP REALTY, LLC
Listing Agent:
Johnathan Wellington
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: MorrisCountyLiving.com
