1. New Jersey
2. Newark City
3. 132 Ridge St

132 Ridge St, Newark City, NJ 07104

• 9 beds |
• 3 baths

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

Interior

• Basement: Full
• A/C: Wall A/C Unit(s)
• Heating: 3 UnitsGas-Natural

Exterior

• General: Aluminum Siding
• Parking: Parking spaces: 0

Construction

• Roofing: Flat

Location

• County: Essex

Lot

• Driveway: See Remarks
• Zoning: 1614-00508-0000-00022-0000-

Utilities

• Utilities: Gas-Natural
• Water: Public Water
• Sewer: Private

This listing courtesy of EXP REALTY, LLC