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132 RIDGE ST NEWARK, NJ 07104
- Single Family Home / Resale (MLS)
Property Details for 132 RIDGE ST, NEWARK, NJ 07104
Features
- Lot Size: 0.06 acres
- Total Units: 3
- Total Rooms: 11
- Room List: Bedroom 1, Bedroom 2, Bedroom 3, Bedroom 4, Bedroom 5, Basement, Bathroom 1, Bathroom 2, Bathroom 3, Kitchen, Living Room
- Stories: 3
- Construction Type: Frame
Facts
- Year Built: 01/01/1897
- Property ID: 878308446
- MLS Number: 3917173
- Parcel Number: 14-00508-0000-00022
- Property Type: Single Family Home
- County: ESSEX
- Listing Status: Active
Sale Type
This is an MLS listing, meaning the property is represented by a real estate broker, who has contracted with the home owner to sell the home.
Description
This listing is NOT a foreclosure. 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. Dont miss out on this rare chance to secure your slice of urban paradise.
Rent To Own Financing
What Is This
RTO Financing is an exciting new program to help you get into an RTO home. The approval process is easier than a mortgage with a simple process and one-on-one help.
How To Apply
First, we'll ask you some questions about your financial situation. If you meet the criteria, you will be forwarded to our partner's site to complete a full application for RTO Financing.
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Property Brokerage:
eXp Realty, LLC
28 VALLEY ROAD #1
MONTCLAIR
NJ
7042
Copyright © 2024 Garden State MLS, LLC. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
All information provided is deemed reliable, but is not guaranteed and should be independently verified.