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16-92 Grove Street Ridgewood, NY 11385
$1,980,000
  • For Sale
  • 6 Bedrooms
  • 3 Full Baths
  • 3980 SqFt
  • Year Built 1915
  • Misc
  • ML# 3582428

Property Details

Overview

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!

Key Facts

  • SqFt: 3980.00
  • Lot Sq Ft: 2000
  • Taxes: $6,426
  • School District: Ps 81 Jean Paul Richter
  • Block: 3443
  • Lot: 32

Additional Features

  • Construction Materials: Brick
  • Parking Spaces: Yes
  • Parking Spaces: 2
  • Parking Facilities: Private, Attached

Rooms & Floor Plans

  • Bedroom: 6
  • Full Bath: 3
  • Other: 1

Interior & Utilities

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

Financial

  • Taxes: $6,426
Listing Information provided courtesy of Skylux Realty Inc  718-500-2231
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com