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$ 1,350,000
Est. payment | /mo
4,678 SqFt
$ 1,350,000
Est. payment | /mo
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
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Listed by CORCORAN INFINITY PROPERTIES