$2,100,000
bedrooms
0
bathrooms
0
square feet
5,300
Acreage
-
Open Houses
-
year built
1931
Full Baths
0
Half Baths
0
High-Income Investment Opportunity in Ridgewood
Strong Income Potential
This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors.
A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow.
Prime Ridgewood Location!
Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability.
Financial Overview:
Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance).
Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment.
Turn-Key Investment with Upside Potential
This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed!
?? Call today to schedule a viewing or request more details!
Location | |
Subdivision | - |
County | Queens |
Elementary School | - |
Middle School | - |
High School | - |
Exact location data not provided
Find out more
Tell us who you are, and we will have someone reach out to you.
MLS number: 827514
Listing agent:
Lotfi Chortani
#10301220255
Listing broker:
Keller Williams Landmark Ii
(347) 846-1200
Copyright © 2025 OneKey MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
[source]
Last update: Thursday, February 27 2025 at 12:25 p.m. EST
Kotohomes National
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