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Ridgewood NY, 11385 $1,980,000

Multi Family For Sale 6 Beds , 3 Full Bath , 3980 SqFt 

Property Picture
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Details ML#: 3582428  

  • Style: Two Story
  • # of Families: 2
  • Year Built: 1915
  • Taxes: $6,426
  • 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

Room Information

Bedroom: 6   Full Bath: 3   Other: 1  

Property Features

Building Size: 20x62   Lot Size: 0.05   Lot Sq Ft: 2000   Approx. Int. Sq. Ft.: 3980.00   Garage: Yes   Garage: 2.0   Parking Spaces: Yes   Parking Spaces: 2   Parking Facilities: Private, Attached, 2 Car Attached  

Appliances & Utilities

Heat: Natural Gas, Other   A/C: None   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $6,426  

Local Area Information

School District#: 11   Block: 3443   Lot: 32  

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