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192 Ridge St

Newark City, NJ 07104
  • $1,650,000
  • STATUS: Active
  • ON SITE: 54 Days
  • MLS #: 3821234
UPDATED: 12 min ago
$1,650,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Type:
Commercial
Built:
1920
County:
Area:

School Ratings & Info

Description

CALLING ALL INVESTORS!! Tremendous opportunity for a HASSLE-FREE, LOW MAINTENANCE, FULLY RENOVATED 3-story, 6-unit apartment building. Located in a great Newark neighborhood the property consists of six 2-bedroom and 2-bath homes. Each unit offers a modern open concept living room and kitchen area with quartz countertops, ample cabinet space, breakfast bar, stylish pendant lights, and a gas range/stove. Each bathroom offers attractive vanities, deep soaking tubs, and modern finishes. The bedrooms are well sized with huge windows filling each space with much natural light. The third-story units offer slightly larger spaces than the first and second story units. Tenants can enjoy the convenience of off-street parking behind the building. Down in the basement, you'll find all separate utilities, including brand new furnaces, hot-water heaters, and gas meters. Video surveillance are also installed throughout the common areas. The property currently includes one tenant that just moved in, paying $2300/month. Buyer has the option to have the rest of the property delivered fully vacant or occupied. ADDED VALUE: The building was just recently appraised for way above the list price, providing built-in instant equity for new owner (ask for details). Fantastic location, just steps from Bloomfield Ave restaurants, shopping, banks, public transportation and more. A few short blocks from Branch Brook Park, quick access to 280 and 21. A great addition to your portfolio!

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Garden State MLS logo © 2023 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 Christie's International Real Estate Group. 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 Christie's International Real Estate Group 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 2023-02-07T08:46:46.513.
www.srrealestategroup.com/homes/135411446
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192 Ridge St Newark City, NJ 07104

  • Price: $1,650,000
  • Status: Active
  • On Site: 54 Days
  • Updated: 12 min ago
  • MLS #: 3821234
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1920
Built
County:
Essex
Area:
Newark City
Property Description
CALLING ALL INVESTORS!! Tremendous opportunity for a HASSLE-FREE, LOW MAINTENANCE, FULLY RENOVATED 3-story, 6-unit apartment building. Located in a great Newark neighborhood the property consists of six 2-bedroom and 2-bath homes. Each unit offers a modern open concept living room and kitchen area with quartz countertops, ample cabinet space, breakfast bar, stylish pendant lights, and a gas range/stove. Each bathroom offers attractive vanities, deep soaking tubs, and modern finishes. The bedrooms are well sized with huge windows filling each space with much natural light. The third-story units offer slightly larger spaces than the first and second story units. Tenants can enjoy the convenience of off-street parking behind the building. Down in the basement, you'll find all separate utilities, including brand new furnaces, hot-water heaters, and gas meters. Video surveillance are also installed throughout the common areas. The property currently includes one tenant that just moved in, paying $2300/month. Buyer has the option to have the rest of the property delivered fully vacant or occupied. ADDED VALUE: The building was just recently appraised for way above the list price, providing built-in instant equity for new owner (ask for details). Fantastic location, just steps from Bloomfield Ave restaurants, shopping, banks, public transportation and more. A few short blocks from Branch Brook Park, quick access to 280 and 21. A great addition to your portfolio!
Exterior Features

Approximate Lot Size 50X93.6 AVGE. Construction Wood Exterior Description Vinyl Siding Location Residential Area Number Of Bays 0 Number Of Docks 0 Parking Driveway Description Off-Street Parking Roof Description Flat

Interior Features

Basement Yes Basement Description FullUnfinished Cooling See Remarks Equipment Available Smoke Detector Heating 4+ UnitsBaseboard - Hotwater Max Ceiling Height 0 Max Door Height 0 Number Of Lavatories 12 Office Sq Ft 0

Property Features

For Sale Or Lease For Sale Fuel Type Gas-Natural Primary Property Type Apartment Complex Property Type Apartment Complex Sale Includes Building Only Sewer Public Sewer Suite Number 6 Tax Amount 10007 Tax Rate Amount 3.734 Tax Rate Year 2021 Tax Year 2021 Utilities ElectricGas-Natural Utilities Paid By Tenant Water Public Water Year Built Description Renovated Zoning Apartment-4C

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of : 732-484-2890.


Garden State MLS logo © 2023 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 Christie's International Real Estate Group. 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 Christie's International Real Estate Group 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 2023-02-07T08:46:46.513.
 
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Christie's International Real Estate Group
47 Maple Street
Summit NJ, 07901