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104 Ridgedale Ave, Hanover Twp., NJ 07927-1632

Beds
4
Baths
6

View property features, location on map, relevant school information and overview from seller's agent.

Listed byCOMPASS NEW JERSEY, LLC
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Overview

Highest and best Wednesday 11/26 at 9am. Welcome to an exceptional income-producing opportunity at 104 Ridgedale Avenue in Cedar Knolls, NJ. This versatile 4-unit commercial property is designed for the discerning investor seeking reliable returns. Featuring a generous lot size of 12,066 square feet, the property stands as a testament to quality and potential.The structure houses a mix of residential and commercial tenants ensuring a steady revenue stream, currently collecting just over $9,600 monthly and over 115,000 annually. On the second floor, a long-term tenant occupies a spacious 2-bedroom apartment for 1800/mo complemented by another 2-bedroom apartment recently renovated in 2023 at 2300 a month. This building has a large 15+ car parking lot, a newer roof, central air conditioning, separate utilities, and a prime location, enhancing tenant comfort and property value. The landlord pays a portion of heat and electric costs for the common areas.The ground floor boosts this property's commercial appeal with a rented hair salon (1800/mo) and a dentist office (3750/mo) each secured with a 5-year lease This unique blend of residential and commercial space, along with its modern amenities, presents an exceptional investment in a strategic location. Explore the possibilities and secure a property that promises both stability and growth.

Location

Full feature list

Basic info

Property type
Multi-family
Number of bedrooms
4
Number of bathrooms
6
Lot size (acres)
0.28
Year built
9999

Interior features

Basement
Yes, Partially finished

Utilities

Heating
See Remarks
Cooling
Central Air

Taxes

Tax Annual Amount (2024)
$14,588

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: Garden State MLS MLS®#: 3998184 Last checked:

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