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16-92 Grove Street

Ridgewood, NY 11385
  • $1,998,000
  • STATUS: Active
  • ON SITE: 134 Days
  • MLS #: 3536722
UPDATED: 63 min ago
$1,998,000
  • 0
    BEDS
  • 0.05
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1915
County:
Area:

School Ratings & Info

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!

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© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-23T21:18:47.513.
www.selectyournexthome.com/homes/148445248
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16-92 Grove Street Ridgewood, NY 11385

  • Price: $1,998,000
  • Status: Active
  • On Site: 134 Days
  • Updated: 63 min ago
  • MLS #: 3536722
0
Beds
0
Baths
0
½ Baths
0.05
Acres
1915
Built
Neighborhood:
Queens
County:
Queens
Area:
Queens
Property 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!
Exterior Features

Cross Street Cypress Avenue Overhead Door 0

Property Features

Business Type Mixed MLSArea Minor 10 Property Sub Type Mixed Use Tax Annual Amount 6414 Tax Annual Amount1 6414 Zoning Description R6B

Listing courtesy of Fei Guo of Skylux Realty Inc: 718-500-2231
© 2024 OneKey MLS. All rights reserved.


© 2024 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Your New York NextHome Brokers. Data last updated: 2024-07-23T21:18:47.513.
 
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