532 Ringwood Ave - Apartments FOR SALE


Wanaque, NJ 07465
$975,000 USD
973-650-4858
532 Ringwood Ave, Wanaque, NJ for Sale
$975,000 USD
Apartments - FOR SALE
1/40
null | Request Cap Rate

532 Ringwood Ave
Wanaque, NJ 07465


HIGHLIGHTS

  • Fully renovated multi-family asset offering three units with high-end finishes.
  • Turnkey investment opportunity with immediate occupancy potential.
  • Prime frontage along Ringwood Ave with proximity to local retail and services.
  • Off-street parking for five vehicles, enhancing tenant convenience.
  • Individual utility metering for all units streamlining property management.
  • Located within Passaic County, with quick access to I-287 and Northern New Jersey markets.

OVERVIEW

This stunning, turn-key 3-family property has been completely renovated from top to bottom and is ready for its next owner. Featuring a total of 5 bedrooms and 5 bathrooms across three spacious units, it's the perfect setup as owner-occupy one unit while generating rental income, or for investors seeking a strong cash-flowing asset. Each unit boasts modern, high-end finishes including elegant quartz countertops in both the kitchens and bathrooms, sleek stainless steel appliances, and convenient washer/dryer hookups. You'll also enjoy central air conditioning for year-round comfort and fully split utilities meaning each unit has its own separate metering for electricity, gas, and water, which simplifies billing and maximizes landlord convenience. Outside, the property offers 5 private off-street parking spots, a rare and valuable feature that adds convenience and appeal for residents. Best of all, the home is completely vacant and move-in ready. No tenants to take over, no repairs needed just immediate possession and endless possibilities. Live in one unit and rent the others, or lease all three for instant income potential. This beautifully updated multi-family gem combines modern living, low-maintenance ownership, and excellent investment value. Don't miss out; schedule a showing today!

FOR SALE DETAILS

PRICE

$975,000 USD

PRICE/SF

$325 USD /SF

# OF UNITS

6

PRICE/UNIT

$162,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1940

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,617 SF

ZONING

B-2

APN/PARCEL ID

13-00229-0000-00002

ASK ABOUT THIS PROPERTY

Kurt WubbenhorstBlue Flags RealtyMore Info
973-650-4858

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Kurt WubbenhorstBlue Flags RealtyMore Info
973-650-4858

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