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Ridgewood NY, 11385 $1,998,000

Mixed Use Commercial  

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Details ML#: 3536722  

  • Sale or Rent:Sale
  • Year Built: 1915
  • Taxes: $6,414
  • Status:Active

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!

More Property Details

Property Features

Lot Size: 0.05   Lot Sq Ft: 2000  

Financial

Taxes: $6,414  

Local Area Information

Zoning: R6B   Block: 3443   Lot: 32  

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