132 Ridge St,Newark City, NJ 07104
Newark City, NJ 07104
Description
Perfect for both investors and owner-occupants, this expansive 3-family home offers nearly 3,700 sq. ft. of living space and incredible potential. Each unit is currently occupied on a month-to-month basis, providing flexibility for long-term stability or future reconfiguration. Select units can be delivered vacant for the right buyer. Generating over $5,000 per month in gross income, this property offers an exceptional opportunity to increase revenue to $7,000+ monthly by adjusting below-market rents. Each unit features separate utilities, adding to its investment appeal. Located just a 10-minute walk to the Light Rail, commuting to Newark Penn Station is quick and easy. Enjoy Branch Brook Park just 5 minutes away, while major highways like Route 280, Route 21, and the Garden State Parkway provide seamless access to the entire region. Bonus: This property qualifies for a special loan program with an interest rate as low as 5.875% and NO PMI! Don?t miss out?call today!
Details
| MLS # | 3949269 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Under Contract |
| Year | 1940 |
| Days On Site | 580 |
| Listing Provided By | EXP REALTY, LLC | JOHNATHAN WELLINGTON |
Features
| Bath(s) | 3 Total |
|---|---|
| Basement | Y |
Taxes
| Property | 12428 |
|---|
Area Information
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $699,900 low | high Med: $464,999 On site: 580 low | high Med: 113 | |
Market Activity 07104
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Learn More About This Property
| State | NJ |
|---|---|
| County | Essex |
| City | Newark City |
| Zip Code | 07104 |
| Area | Essex |
| Listing VS Median (in 07104) | |
Price: $699,900 low | high Med: $464,999 On site: 580 low | high Med: 113 | |
