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Ringoes Village two-family 38 John Ringo Rd 2 Unit Apartment Building $699,000 ($349,500/Unit) Ringoes, NJ 08551
Investment Highlights
- Two Spacious Apartments
- Generous Off-Street Parking
- Separate Utility Meters
Executive Summary
This cheerful Victorian in the heart of Ringoes offers an outstanding opportunity. Behind its welcoming yellow exterior, broad front porch, and side deck are two generously sized apartments plus a detached two-story outbuilding with a garage bay creating exceptional flexibility for an office, studio, workshop, or future finished space.The first-floor apartment offers room to spread out with three bedrooms, two full bathrooms, a spacious eat-in kitchen with washer and dryer hookups, a comfortable living room, and an enclosed sun porch that lends itself beautifully to a home office or reading room. Basement access provides additional storage and utility space. Upstairs, the second apartment is equally inviting with two large bedrooms, beautiful hardwood floors, a generously sized kitchen, comfortable living room, a full bathroom, and pull-down attic access for even more storage. Each apartment is separately metered, while generous off-street parking easily accommodates multiple vehicles. Whether you're seeking an investment property, a home with rental income, or exceptional flexibility for a variety of future uses, this distinctive Ringoes Victorian offers uncommon versatility. Also available is the 50 seat Mom's family restaurant next door which has served the community for 60 years. They specialize in breakfast and lunch. Search 36 John Ringo Rd, Ringoes, NJ. Unit 1 is currently vacant, unit 2 is occupied by a family member and we not able to photograph at this time. See attached floor plans. This property has granted an easement for parking to the restaurant nex door. See attached documents.
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Property Facts
| Price | $699,000 | Building Class | C |
| Price Per Unit | $349,500 | Lot Size | 0.67 AC |
| Sale Type | Investment | Building Size | 2,356 SF |
| No. Units | 2 | Average Occupancy | 50% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1880/1975 |
| Apartment Style | Low-Rise | ||
| Zoning | VIL - Village | ||
| Price | $699,000 |
| Price Per Unit | $349,500 |
| Sale Type | Investment |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.67 AC |
| Building Size | 2,356 SF |
| Average Occupancy | 50% |
| No. Stories | 2 |
| Year Built/Renovated | 1880/1975 |
| Zoning | VIL - Village |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 1 | - | - |
| 2+1 | 1 | - | - |
Somewhat walkable
20/100
Exceptionally drivable
100/100
Somewhat bikeable
30/100
Property Taxes
| Parcel Number | 08-00012-0000-00002 | Improvements Assessment | $146,300 |
| Land Assessment | $115,500 | Total Assessment | $261,800 |
Property Taxes
Parcel Number
08-00012-0000-00002
Land Assessment
$115,500
Improvements Assessment
$146,300
Total Assessment
$261,800
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Ringoes Village two-family | 38 John Ringo Rd