132 Ridge St, Newark, NJ

$669,900

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9

Beds

3

Baths

About 132 Ridge St

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 boasts nearly 3,700 square feet of living space. Currently fetching a robust gross income exceeding $5k per month, this property presents a great investment opportunity with the potential to increase to over $6k monthly by increasing the below market rent units. Separate utilities for each. Located in a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station, 5 minutes from the esteemed Branch Brook Park, and close to Route 280, Route 21 and the Garden State Parkway. Don't miss out on this rare chance to secure your slice of urban paradise. OPEN HOUSE 5/5 11 AM TO 1 PM

Features of 132 Ridge St

MLS® # 24012996
Price $669,900
Bedrooms 9
Bathrooms 3.00
Full Baths 3
Type 2-4 Family
Sub-Type 3FAM
Style TOP/BTM
Status ACTIVE

Community Information

Address 132 Ridge St
City Newark
County ESSEX
State NJ
Zip Code 07104

Amenities

Amenities CLOSE/PARKS, CLOSE/SCHOOL, CLOSE/TRANS
Utilities SEP ELEC, SEP GAS
Features NONE
Garages O/SEE REMK
View NONE
Is Waterfront Yes
Waterfront NONE
Has Pool No

Interior

Heating GAS
Fireplace Yes
Fireplaces NONE
Has Basement Yes
Basement FULL, UNFINISHED

Exterior

Exterior VINYL
Lot Description REGULAR
Construction 1940'S

Additional Information

Date Listed April 30th, 2024
Foreclosure No
RE / Bank Owned No

Listing Details

AgentJohnathan Wellington
OfficeEXP Realty, LLC

Listing Map

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