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785 Ridge St

Newark City, NJ 07104
  • $750,000
  • STATUS: Active Under Contract
  • ON SITE: 120 Days
  • MLS #: 3847414
Under Contract
UPDATED: 47 min ago
$750,000
  • 8
    BEDS
  • 0.06
    ACRES
  • 5
    BATHS
  • 0
    1/2 BATHS
Type:
Multi-Family
Built:
2004
County:
Area:

School Ratings & Info

Description

Excellent investment opportunity in Forest Hills section of Newark. This multi-family home consists of 3 total units. The first and second floors include 3 bedrooms, 2 full bathrooms, hardwood floors throughout, living room, dining room and kitchen. Bonus unit includes 2 bedrooms, eat in kitchen, living area, full bathroom and access to backyard. All units are fully rented bringing in a total monthly income of $5,560. Coin operated washers/dryers bring in an extra $300-400 monthly.

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Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-10-04T22:46:23.333.
www.ilovenewjerseyrealestate.com/homes/140199995
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785 Ridge St Newark City, NJ 07104

  • Price: $750,000
  • Status: Active Under Contract
  • On Site: 120 Days
  • Updated: 47 min ago
  • MLS #: 3847414
8
Beds
5
Baths
0
½ Baths
0.06
Acres
2004
Built
County:
Essex
Area:
Newark City
Property Description
Excellent investment opportunity in Forest Hills section of Newark. This multi-family home consists of 3 total units. The first and second floors include 3 bedrooms, 2 full bathrooms, hardwood floors throughout, living room, dining room and kitchen. Bonus unit includes 2 bedrooms, eat in kitchen, living area, full bathroom and access to backyard. All units are fully rented bringing in a total monthly income of $5,560. Coin operated washers/dryers bring in an extra $300-400 monthly.
Exterior Features

Approximate Lot Size 25.1X100 Exterior Description Vinyl Siding Number Of Parking Spaces 1 Parking Driveway Description 1 Car WidthDriveway-ExclusiveOff-Street Parking Roof Description Asphalt Shingle

Interior Features

Basement Yes Basement Description Finished Cooling 1 UnitCentral Air Heating 1 UnitForced Hot Air Total Number Of Rooms 20 Unit1 Appliances Equipment See Remarks Unit1 Baths 2.0 Unit1 Bedrooms 3 Unit1 Fireplaces 0 Unit1 Handicap Modified No Unit1 Levels 1 Unit1 Room Description See Remarks Unit1 Rooms 8 Unit1 Security Deposit 2925 Unit1 Sq Ft 1 Unit2 Appliances Equipment See Remarks Unit2 Baths 2.0 Unit2 Bedrooms 3 Unit2 Fireplaces 0 Unit2 Levels 1 Unit2 Room Description See Remarks Unit2 Rooms 8 Unit2 Sq Ft 1

Property Features

Assessment Total 387300 Building Assessment 348500 Easement No Fha Age Restricted No Fuel Type Gas-Natural Gross Operating Income 999 Land Assessment 38800 Net Operating Income 999 Sewer Public Sewer Tax Amount 999 Tax Rate Amount 3.736 Tax Rate Year 2022 Tax Year 2022 Total Operating Expense 999 Unit Style Under/Over Unit1 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit1 Rent 2050 Unit2 Handicap Modified No Unit2 Owner Tenant Pays Owner Pays WaterTenant Pays ElectricTenant Pays GasTenant Pays Heat Unit2 Rent 1950 Unit2 Security Deposit 2625 Utilities Gas In Street Water Public Water

Listing information © 2023 Garden State Multiple Listing Service,LLC.
Listing provided courtesy of Re/Max Properties Unlimited: 908-233-9292.


Garden State MLS logo © 2023 Garden State Multiple Listing Service, LLC. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Tejada Real Estate Partners | RE/MAX Select. Notice: The dissemination of listings on this website does not constitute the consent required by N.J.A.C. 11:5.6.1 (n) for the advertisement of listings exclusively for sale by another broker. Any such consent must be obtained in writing from the listing broker.The data relating to real estate for sale or lease on this web site comes in part from GSMLS. Real estate listings held by brokerage firms other than Tejada Real Estate Partners | RE/MAX Select are marked with the GSMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker. Data last updated 2023-10-04T22:46:23.333.
 
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Tejada Real Estate Partners | RE/MAX Select
15 Bloomfield Ave
Montclair NJ, 07042