104 Ridgedale Ave , Hanover Twp., Morris 07927
- $1,200,000
- 15
- 9999 Sqft
104 Ridgedale Ave , Hanover Twp., Morris 07927
- $1,200,000
Description
Highest and best Wednesday 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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Address: 104 Ridgedale Ave
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City: Hanover Twp.
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State/county: Morris
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Zip/Postal Code: 07927
Details
Updated on December 2, 2025 at 9:21 am-
Property ID HZ3998270
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Price $1,200,000
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Property Size 9999 Sqft
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Land Area 0.28 Acres
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Garages 15
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Garage Size x x
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Year Built 9999
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Property Status Active
Additional details
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Roof Asphalt Shingle
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Utilities Gas-Natural
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Sewer Public Sewer
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Cooling 2 Units, Wall A/C Unit(s)
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Heating 2 Units, Baseboard - Electric, See Remarks
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Flooring Carpeting, Laminate, Vinyl-Linoleum
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County Morris
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Property Type OffcApts
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