132 Ridge Street
$699,900
9
3
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Description
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 boasting nearly 3,700 square feet of luxurious living space. Currently fetching a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to...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 boasting nearly 3,700 square feet of luxurious living space. Currently fetching a robust gross income exceeding $5,000 per month, this property presents an exceptional investment opportunity with the potential to elevate revenue to over $6,000 monthly by increasing the below market rent units. Separate utilities for each. Also, one or two units can be delivered vacant. Nestled within a prime location, this property has the convenience of being just a 10 minutes walk from the light rail station so commuting to Newark Penn Station becomes effortless, offering seamless access to the bustling cityscape. Enjoy leisurely strolls to the esteemed Branch Brook Park just 5 minutes away, while major thoroughfares such as Route 280, Route 21, and the Garden State Parkway ensure easy connectivity to all destinations. Don't miss out on this rare chance to secure your slice of urban paradise.
- Listed by JOHNATHAN WELLINGTON • EXP REALTY, LLC
Property Details for 132 Ridge Street
Directions
Between Park Ave and Bloomfield Ave
Days On Market139
LISTING UPDATED: 09/11/2024 12:42 PM
Property Details for 132 Ridge Street
Status | Active |
---|---|
MLS # | 3917173 |
Days on Market | 142 |
Taxes | $12,183 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / 3-Three Story |
Year Built | - |
Lot Size | 0.06 AC / 2,613 SF |
County | Essex County |
Building Information for 132 Ridge Street
Stories-Residences3Year Built-Building Size-Lot Size0.06 AC / 2,613 SF
Property Information for 132 Ridge Street
Property History for 132 Ridge Street
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 132 Ridge Street
Taxable ValueLand$21,600Additions$305,200Total$326,800
Tax Record2023$12,183 ($1,015 / month)
Home Facts
Beds0Total Finished SqFt3,696 SqFtAbove Grade Finished SqFt3,696 SqFtStories3Lot Size2,801 SqFtStyleSingle Family ResidenceYear Built1897CountyESSEXAPN14 00508-0000-00022
Schools near 132 Ridge Street
This home is within The Newark Public School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 | |||
Public - | PK to 8 |
Rating | School | Distance |
---|---|---|
Roberto Clemente Elementary School PublicPK to 8 | ||
Dr. William H. Horton Elementary School PublicPK to 8 | ||
McKinley Elementary School PublicPK to 8 | ||
Franklin Elementary School PublicPK to 8 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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