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  • Property Type
  • Residential Income
  • 4
  • Bedrooms
  • 2
  • Bathrooms
Active

104 Ridgedale Ave , Hanover Twp., New Jersey 07927-1632

  • $1,200,000

Description

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.

Address

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  • City: Hanover Twp.
  • State/county: Morris

Details

Updated on December 26, 2025 at 12:38 pm
  • Property ID HZ3998184
  • Price $1,200,000
  • Bedrooms 4
  • Bathrooms 2
  • Property Type Residential Income
  • Property Status Active

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