192 Ridge St

Newark City, 07104-1113

$1,650,000

$1,650,000
Active
Active
 - For Sale
baths
6 Baths
property_type
Commercial
calendar
Built 1920
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!
MLS® ID:
3821234
Updated:
3/28/23

Interior Features

Total Bedrooms
0
Total Bathrooms
6
Cooling
See Remarks
Heating
4 Units, Baseboard - Hotwater

Exterior/Building Features

Lot Size
4,791 ft² lot
Roof
Flat
Sewer
Public Sewer

Other Property Details

Taxes
$10007
Tax Frequency
per YEAR
Garage
Yes
Garage Spaces
8
Parking
Y
View
N
County
Essex
Utilities
Electric, Gas-Natural
Water Source
Public Water
Pool
No
Total Stories
3
Zoning
APARTMENT-4C

 

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