16-92 Grove Street, Ridgewood, NY 11385

  • $1,980,000
Active
16-92 Grove Street, Ridgewood, NY 11385
  • $1,980,000

Overview

Property ID: 3582428
  • Multi Family, Residential Income
  • Property Type
  • 6
  • Bedrooms
  • 3
  • Bathrooms
  • 1915
  • Year Built
  • 2
  • Garages

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

Updated on October 2, 2024 at 4:12 am
  • Property ID: 3582428
  • Price: $1,980,000
  • Land Area: 0.05 Acres
  • Bedrooms: 6
  • Rooms: 10
  • Bathrooms: 3
  • Garages: 2
  • Garage Size: x x
  • Year Built: 1915
  • Property Type: Multi Family, Residential Income
  • Property Status: Active

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Jerry Wang
  • Jerry Wang