38 John Ringo Rd - Apartments FOR SALE


Ringoes, NJ 08551
$699,000 USD
609-915-2360
38 John Ringo Rd, Ringoes, NJ for Sale
$699,000 USD
Apartments - FOR SALE
1/49
null | Request Cap Rate

38 John Ringo Rd
Ringoes, NJ 08551


HIGHLIGHTS

  • Two Spacious Apartments
  • Separate Utility Meters
  • Generous Off-Street Parking

OVERVIEW

This cheerful Victorian in the heart of Ringoes offers an outstanding opportunity. Behind its welcoming yellow exterior, broad front porch, and side deck are two generously sized apartments plus a detached two-story outbuilding with a garage bay creating exceptional flexibility for an office, studio, workshop, or future finished space.The first-floor apartment offers room to spread out with three bedrooms, two full bathrooms, a spacious eat-in kitchen with washer and dryer hookups, a comfortable living room, and an enclosed sun porch that lends itself beautifully to a home office or reading room. Basement access provides additional storage and utility space. Upstairs, the second apartment is equally inviting with two large bedrooms, beautiful hardwood floors, a generously sized kitchen, comfortable living room, a full bathroom, and pull-down attic access for even more storage. Each apartment is separately metered, while generous off-street parking easily accommodates multiple vehicles. Whether you're seeking an investment property, a home with rental income, or exceptional flexibility for a variety of future uses, this distinctive Ringoes Victorian offers uncommon versatility. Also available is the 50 seat Mom's family restaurant next door which has served the community for 60 years. They specialize in breakfast and lunch. Search 36 John Ringo Rd, Ringoes, NJ. Unit 1 is currently vacant, unit 2 is occupied by a family member and we not able to photograph at this time. See attached floor plans. This property has granted an easement for parking to the restaurant nex door. See attached documents.

FOR SALE DETAILS

PRICE

$699,000 USD

PRICE/SF

$297 USD /SF

# OF UNITS

2

PRICE/UNIT

$349,500

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ringoes Village two-family

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1880

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.67 AC

LAND SF

29,185 SF

ZONING

VIL

APN/PARCEL ID

08-00012-0000-00002

ASK ABOUT THIS PROPERTY

Beth SteffanelliCallaway Henderson Sotheby's InternationalMore Info
609-915-2360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.

Beth SteffanelliCallaway Henderson Sotheby's InternationalMore Info
609-915-2360

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.