Turnkey, fully gut renovated 4 family investment property located in the heart of Ridgewood.
| Website: | https://www.nestseekers.com/5563005 |
|---|---|
| Address: | New York, NY 11385 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 12 BR |
| Bathrooms: | 10 |
| Lot Size: | 0.1 Acres |
Financials
Description
Turnkey, fully gut-renovated 4-family investment property located in the heart of Ridgewood. This exceptional income-producing asset offers approximately $208,800 annual gross income and is conveniently located just minutes from the L train, providing easy access to Manhattan, including Union Square, East Village, and Downtown Brooklyn.
Completely renovated from top to bottom, the property features modern finishes and quality construction upgrades designed for long-term durability, low maintenance, and strong rental appeal. Situated in one of Ridgewood’s most desirable rental neighborhoods with consistent tenant demand.
Unit Configuration:
(2) Duplex-style 3-bedroom, 2.5-bath units with private backyard access
(2) Spacious 3-bedroom, 2-bath units
Modern kitchens and updated bathrooms throughout
In-unit washer and dryer in every apartment
Separate utilities; tenants responsible for heat, gas, and electric where applicable
Property Highlights:
Full gut renovation>
>Sound-insulated walls and floor assemblies between units
>Oversized new windows providing abundant natural light
>High-end appliances and contemporary interior finishes
>Transit-oriented location with strong rental demand
>Attractive opportunity for long-term income-oriented investors
>Approximate 6.82% cap rate!!!
Amenities
- Chefs Kitchen
- Electricity Connected
- First Floor Bedroom
- Granite Counters
- High Speed Internet
- Natural Gas Connected
- Natural Woodwork
- Open Kitchen
- Quartz/Quartzite Counters
- Sewer Connected
- Walk Through Kitchen
47-44 Vernon Blvd, Long Island City, NY 11101 Phone: +1 718-707-0200 Fax: +1 718-707-0233 | |
| Listing Courtesy of Sweet Key Realty Group Inc | |