104 Ridgedale Ave
Hanover Twp, NJ 07927
Price: $1,250,000
GSMLS: 3998184Type: Multi-Family
Style: 2-Two Story, Fourplex
Total Units: 4
Beds: 4
Baths: 2 Full & 4 Half
Garage: No
Year Built: Unknown
Acres: 0.28
Property Tax: $14,588
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.
General Info
Style:
2-Two Story, Fourplex
SqFt Building:
n/a
Total Rooms:
15
Basement:
No
Interior:
Carbon Monoxide Detector, Carpeting, Fire Alarm Sys, Fire Extinguisher, Smoke Detector, Vinyl-Linoleum Floors
Roof:
Asphalt Shingle
Exterior:
Brick, Vinyl Siding
Lot Size:
n/a
Lot Desc:
Corner
Parking
Garage Capacity:
No
Description:
None
Parking:
Blacktop, Parking Lot-Exclusive
Spaces Available:
18
Unit 1
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
8
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Fire Alarm System, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
Yes
Unit 2
Bedrooms:
n/a
Bathrooms:
1
Total Rooms:
3
Room Description:
See Remarks
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, See Remarks, Smoke Detector
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 3
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Electric, Refrigerator, Smoke Detector, Stackable Washer/Dryer
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Unit 4
Bedrooms:
2
Bathrooms:
1
Total Rooms:
4
Room Description:
Bedrooms, Kitchen, Living Room
Levels:
1
Square Foot:
n/a
Fireplaces:
n/a
Appliances:
Carbon Monoxide Detector, Ceiling Fan(s), Microwave Oven, Range/Oven - Electric, Refrigerator
Utilities:
Owner Pays Water, Tenant Pays Electric, Tenant Pays Gas, Tenant Pays Heat
Handicap:
No
Utilities
Heating:
2 Units, Baseboard - Electric, See Remarks
Heating Fuel:
Gas-Natural
Cooling:
2 Units, Central Air, See Remarks, Wall A/C Unit(s)
Water Heater:
n/a
Water:
Public Water
Sewer:
Public Sewer
Utilities:
Electric, Gas-Natural
Services:
Garbage Included
School Information
Elementary:
n/a
Middle:
n/a
High School:
n/a
Community Information
County:
Morris
Town:
Hanover Twp.
Neighborhood:
n/a
Financial Considerations
List Price:
$1,250,000
Tax Amount:
$14,588
Land Assessment:
$217,300
Build. Assessment:
$464,100
Total Assessment:
$681,400
Tax Rate:
2.03
Tax Year:
2024
Listing Information
MLS ID:
3998184
List Date:
11-17-2025
Days On Market:
0
Listing Broker:
COMPASS NEW JERSEY, LLC
Listing Agent:
Request More Information
Shawn and Diane Fox
RE/MAX American Dream
3108 Route 10 West
Denville, NJ 07834
Call: (973) 277-7853
Web: BerkshireHillsLiving.com
