$1,980,000 $10,629 est/mo Sourced by Back At You
16-92 Grove Street , Ridgewood, NY 11385
Ridgewood, NY 11385
Description
Welcome to a prime investment opportunity in Ridgewood! This property features two residential units and a commercial storefront housing a laundromat, generating a total monthly income of $9,500. Each residential unit offers three bedrooms and one bathroom, with the added convenience of two car garages. Spacious building size 20X62 with low property taxes of just $6,414 per year and tenants responsible for all utilities, the return on investment stands at an impressive 5.6%. Situated in a highly accessible location with easy transportation access, this property presents a rare chance for investors to secure steady returns in a thriving area. Don't miss out on this great opportunity!
Details
| MLS# | 3582428 |
|---|---|
| Listing Type | For Sale |
| Style | Town House |
| Sub-Type | Resale |
| Status | Active |
| Year | 1915 |
| Days On Site | 9 |
| Listing Provided By | Skylux Realty Inc | Fei Guo |
Features
| Bed(s) | 6 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 3,980 |
| Garage | 2 |
| Basement | Y |
| Units | 2 |
| Acreage | 0.05 |
Market Activity 11385
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Learn More About This Property
| State | NY |
|---|---|
| County | Queens |
| City | Ridgewood |
| Zip Code | 11385 |
| Subarea | 10 |
| School District | Grover Cleveland High School |
| Elementary School | Ps 81 Jean Paul Richter |
| Middle School | Is 77 |
| High School | Grover Cleveland High School |
| Listing VS Median (in 11385) | |
Price: $1,980,000 low | high Med: $1,078,000 SqFt: 3,980 low | high Med: 2,400 $ / SqFt: $497 low | high Med: $449 On Site: 9 low | high Med: 43.000000 | |
Listing Updated: October 9, 2024 at 7:12:45 AM PDT