16-92 Grove Street
Ridgewood, NY 11385
$1,980,000
6 beds | 3 baths | 0.05 acres | #3582428
For Sale
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!
Interior Details
Heating & Cooling
- Heating:Natural Gas, Other
Beds & Baths
- Bedrooms:6
- Bathrooms:3
- Full Baths:3
Property Details
Property
- Lot description:Near Public Transit
Measurements
- Acres:0.05
Parking
- Parking features:Private, Attached, 2 Car Attached
- Parking spaces:2
- Parking type:Garage
- Parking garage:1
Construction Details
Type & Style
- Property type:Purchase
- Basement:1
Condition
- Year built:1915
Utilities / Energy Details
Utility
- Sewer information:Public Sewer
- Utility source:Public
Community and Neighborhood Details
Community
- Community features:Park, Near Public Transportation
Location
- School district:Queens 24
- Elementary School:Ps 81 Jean Paul Richter
- Middle School:Is 77
- High School:Grover Cleveland High School
- County:Queens
Financial Details
Pricing Details
- Original List Price:$1, 980, 000
- Taxes annual:$6, 426
Other
Source
- MLS #:3582428
Location
Legal
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Last Updated: . Source: ONEKEY
Listing Courtesy
Listing Agent: Fei Guo
Listing Office: Skylux Realty Inc
Keller Williams LandmarkAsk Vinny Thompson team
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
Estimated Monthly Payment
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Loan Amount
$0.00
