Newark City, NJ 07104,192 Ridge St
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$ 1,350,000
Est. payment | /mo

4,678 SqFt


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$ 1,350,000
Est. payment | /mo
Save

4,678 SqFt

Key Details

Property Type Commercial

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

Square Footage 4,678 sqft

Price per Sqft $288

MLS Listing ID 3973826

Year Built 1930

Annual Tax Amount $15,212

Tax Year 2024

Lot Size 4,791 Sqft

Property Sub-Type Mixed Use

Property Description

Welcome to 192 Ridge St, Newark, NJ?a prime investment opportunity in the heart of a thriving community. This newly gutted and renovated property in 2023 offers a unique chance to own a multi-unit space comprising 6 distinct units. Each unit features 2 bedrooms and 2 bathrooms, providing ample living space for tenants. Strategically located, this property is ideal for investors seeking steady rental income. The renovation ensures modern amenities and efficient layouts, appealing to prospective tenants. The building's design maximizes space and functionality, making it a desirable choice for renters in Newark's competitive market. The property's proximity to local amenities, public transportation, and major highways enhances its appeal, offering convenience and accessibility. Newark's vibrant community and ongoing development make this location particularly attractive for long-term investment. 192 Ridge St stands as a testament to quality and foresight in real estate investment. Whether you're expanding your portfolio or entering the market, this property offers a compelling opportunity with its blend of modern renovations and strategic location. Seize the chance to invest in a property that promises potential growth and consistent returns.

Location

State NJ

County Essex

Rooms

Basement Storage, Unfinished

Interior

Heating Gas-Natural

Cooling 4+ Units, Central Air

Equipment See Remarks

Heat Source Gas-Natural

Exterior

Exterior Feature See Remarks

Utilities Available See Remarks

Roof Type See Remarks

Building

Story 3

Sewer Public Sewer

Water Public Water

Others

Ownership Fee Simple

Garden State MLS(GSMLS)
Listed by CORCORAN INFINITY PROPERTIES
agent-avatar

+1(973) 626-0175

tony@notcityliving.com

Sparta & Warwick Offices

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192 Ridge St