132 Ridge St, Newark City, NJ 07104

9 beds |
3 baths

Multi-Family Home
Built in 1940
2,614sqft lot
—— car garage
$——/sqft
Listed 4 months ago

Property Description

Perfect for both investors and owner-occupants, this expansive 3-family home offers nearly 3,700 sq. ft. of living space and incredible potential. Each unit is currently occupied on a month-to-month basis, providing flexibility for long-term stability or future reconfiguration. Select units can be delivered vacant for the right buyer. Generating over $5,000 per month in gross income, this property offers an exceptional opportunity to increase revenue to $7,000+ monthly by adjusting below-market rents. Each unit features separate utilities, adding to its investment appeal. Located just a 10-minute walk to the Light Rail, commuting to Newark Penn Station is quick and easy. Enjoy Branch Brook Park just 5 minutes away, while major highways like Route 280, Route 21, and the Garden State Parkway provide seamless access to the entire region. Bonus: This property qualifies for a special loan program with an interest rate as low as 5.875% and NO PMI! Don?t miss out?call today!

Listing Status:: Pending
Listing Office:: EXP REALTY, LLC : 866-201-6210
MLS ID:: 3949269

This listing courtesy of EXP REALTY, LLC

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Franklin Elementary School

42 Park Ave, Newark, NJ, 07104

Grades PK-4

0.20 miles away

McKinley Elementary School

1 Colonnade Pl, Newark, NJ, 07104

Grades PK-8

0.49 miles away

Barringer High School

90 Parker St, Newark, NJ, 07104

Grades 9-12

0.14 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.