16-92 Grove Street Ridgewood, NY 11385
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 TypeMulti-Family
- NeighborhoodN/A
- CountyQueens
- Taxes$6,414
- HOA/Condo/Coop Fees$0
- Days on Site111 Days
- MLS StatusActive
- MLS ID Number3536723
- Home Size Source N/A
- Year Built1915
- Lot Size0.05 Acres
- Full Baths2
- Partial BathsN/A
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Learn MoreRecent Activity For 16-92 Grove Street Ridgewood, NY 11385
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General Features
- Style Two Story
- Construction Brick
- Parking Shared DrivewayNone
- Sewer Public Sewer
- Basement See Remarks
- Acreage 0.05
- Water Public
- Cross Street Cypress Ave
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Cooling None
- Heating Natural GasHot Water
- Fireplaces 0
Exterior Features
- Lot Near Public Transit
Community Features
- Township Queens
- Community Features ParkNear Public Transportation
- Senior Community No