Welcome to a prime investment opportunity in Ridgewood !
Website: | https://www.nestseekers.com/3446098 |
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Address: | 16-92 Grove Street Ridgewood, NY 11385 |
Cross street: | Cypress Avenue |
Ownership: | For Sale |
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Type: | Commercial |
Bedrooms: | Studio |
Lot Size: | 2000 sq ft |
Financials
Price: | $1,998,000 |
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Annual Taxes: | $6,414 |
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!
Contact
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1718-707-0200 Fax: +1718-707-0233 | |
Courtesy of Chase Global Realty Corp |