Welcome to a prime investment opportunity in Ridgewood !


Property

Website:https://www.nestseekers.com/3446098
Address:
16-92 Grove Street
Ridgewood, NY 11385
Cross street:Cypress Avenue
Ownership: For Sale
Type: Commercial
Bedrooms: Studio
Lot Size: 2000 sq ft

Financials

Price: $1,998,000
Annual Taxes: $6,414

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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
Courtesy of Chase Global Realty Corp