NJ > Hanover Twp.
Hanover Twp., NJ 07927,104 Ridgedale Ave
Hanover Twp., NJ 07927,104 Ridgedale Ave
Hanover Twp., NJ 07927,104 Ridgedale Ave
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$1,250,000
Est. payment /mo
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4 Beds
4 Baths
39,996 SqFt
New

104 Ridgedale Ave Hanover Twp., NJ 07927

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Gabriel Garces

Gabriel Garces

+1(973) 653-7461

UPDATED:

Key Details

Property Type Multi-Family

Listing Status Active

Purchase Type For Sale

Square Footage 39,996 sqft

Price per Sqft $31

MLS Listing ID 3998184

Style 2-Two Story, Fourplex

Bedrooms 4

Full Baths 2

Half Baths 4

Annual Tax Amount $14,588

Tax Year 2024

Lot Size 0.280 Acres

Property Description

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

State NJ

County Morris

Interior

Interior Features Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors

Heating Gas-Natural

Cooling 2 Units, Central Air, See Remarks, Wall A/C Unit(s)

Heat Source Gas-Natural

Exterior

Exterior Feature Brick, Vinyl Siding

Parking Features None

Utilities Available Electric, Gas-Natural

Roof Type Asphalt Shingle

Building

Lot Description Corner

Sewer Public Sewer

Water Public Water

Architectural Style 2-Two Story, Fourplex

Others

Senior Community No

Garden State MLS(GSMLS)
Information deemed reliable but not guaranteed. Copyright © 2025 Garden State Multiple Listing Service, L.L.C. All rights reserved.
Listed by COMPASS NEW JERSEY, LLC

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Gabriel Garces

Gabriel Garces

Broker | License ID: 1541468

+1(973) 653-7461

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104 Ridgedale Ave