$1,998,000
16-92 Grove Street, Ridgewood, Queens, NY, 11385, USA
MLS#
3536723
Property type
Residential For Sale, Multi-Family, Multi Family
Land size
2,000 sqft (186 m2)
Bedrooms
6
Baths
2
Bathrooms
2
Total number of rooms
10
Sale price per sqm
0 $
Save Listing
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!
Property Details
Year Built:
1915
Construction:
Brick
Heating System:
Hot Water, Natural Gas
Association/Community Features Description:
Park
School Information
High School District:
Queens 24
Elementary School:
Ps 81 Jean Paul Richter
High School:
Grover Cleveland High School
Middle School:
Is 77

Contact Me

  • Fei Guo
  • Skylux Realty Inc
  • Phone: 516-587-9113