Log In/Sign Up
Your email has been sent.
192 Ridge St
Newark, NJ 07104
Multifamily Property For Sale
·
6 Units
EXECUTIVE SUMMARY
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.
PROPERTY FACTS
| Price Per Unit | $225,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.04 AC |
| Cap Rate | 7.53% | Building Size | 4,678 SF |
| No. Units | 6 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1930/2023 |
| Property Subtype | Apartment | Parking Ratio | 0.67/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 - Residential | ||
| Price Per Unit | $225,000 |
| Sale Type | Investment |
| Cap Rate | 7.53% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.04 AC |
| Building Size | 4,678 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1930/2023 |
| Parking Ratio | 0.67/1,000 SF |
| Zoning | R-3 - Residential |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Range
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+2 | 6 | - | - |
PROPERTY TAXES
| Parcel Number | 14-00537-0000-00021 | Improvements Assessment | $280,000 |
| Land Assessment | $120,000 | Total Assessment | $400,000 |
PROPERTY TAXES
Parcel Number
14-00537-0000-00021
Land Assessment
$120,000
Improvements Assessment
$280,000
Total Assessment
$400,000
1 of 37
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
