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532 Ringwood Ave 3 Unit Apartment Building Offered at $975,000 Wanaque, NJ 07465
Executive Summary
This stunning, turn-key 3-family property has been completely renovated from top to bottom and is ready for its next owner. Featuring a total of 5
bedrooms and 5 bathrooms across three spacious units, it's the perfect setup as owner-occupy one unit while generating rental income, or for investors
seeking a strong cash-flowing asset. Each unit boasts modern, high-end finishes including elegant quartz countertops in both the kitchens and bathrooms,
sleek stainless steel appliances, and convenient washer/dryer hookups. You'll also enjoy central air conditioning for year-round comfort and fully split
utilities meaning each unit has its own separate metering for electricity, gas, and water, which simplifies billing and maximizes landlord convenience.
Outside, the property offers 5 private off-street parking spots, a rare and valuable feature that adds convenience and appeal for residents. Best of all, the
home is completely vacant and move-in ready. No tenants to take over, no repairs needed just immediate possession and endless possibilities. Live in one
unit and rent the others, or lease all three for instant income potential. This beautifully updated multi-family gem combines modern living, low-maintenance
ownership, and excellent investment value. Don't miss out; schedule a showing today!
bedrooms and 5 bathrooms across three spacious units, it's the perfect setup as owner-occupy one unit while generating rental income, or for investors
seeking a strong cash-flowing asset. Each unit boasts modern, high-end finishes including elegant quartz countertops in both the kitchens and bathrooms,
sleek stainless steel appliances, and convenient washer/dryer hookups. You'll also enjoy central air conditioning for year-round comfort and fully split
utilities meaning each unit has its own separate metering for electricity, gas, and water, which simplifies billing and maximizes landlord convenience.
Outside, the property offers 5 private off-street parking spots, a rare and valuable feature that adds convenience and appeal for residents. Best of all, the
home is completely vacant and move-in ready. No tenants to take over, no repairs needed just immediate possession and endless possibilities. Live in one
unit and rent the others, or lease all three for instant income potential. This beautifully updated multi-family gem combines modern living, low-maintenance
ownership, and excellent investment value. Don't miss out; schedule a showing today!
Property Facts
| Price | $975,000 | Property Type | Multifamily |
| Price Per Unit | $325,000 | Building Size | 3,000 SF |
| Sale Type | Investment | No. Stories | 3 |
| No. Units | 3 | Year Built | 1940 |
| Price | $975,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Building Size | 3,000 SF |
| No. Stories | 3 |
| Year Built | 1940 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+2 | 1 | - | - |
| 2+2 | 2 | - | - |
| 1+1 | 3 | - | - |
1 1
Fairly walkable
40/100
Very drivable
80/100
Limited public transit
30/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 13-00229-0000-00002 | Improvements Assessment | $146,800 |
| Land Assessment | $132,200 | Total Assessment | $279,000 |
Property Taxes
Parcel Number
13-00229-0000-00002
Land Assessment
$132,200
Improvements Assessment
$146,800
Total Assessment
$279,000
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Presented by
Blue Flags Realty
532 Ringwood Ave
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