About 16-92 Grove Street
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!
Features of 16-92 Grove Street
| MLS® # | 3536723 |
|---|---|
| Price | $1,998,000 |
| Bedrooms | 6 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Acres | 0.05 |
| Year Built | 1915 |
| Type | Residential |
| Sub-Type | Multi Family |
| Style | Two Story |
| Status | Active |
Community Information
| Address | 16-92 Grove Street |
|---|---|
| City | Ridgewood |
| County | Queens |
| State | NY |
| Zip Code | 11385 |
Additional Information
Listing Details
| Office | Skylux Realty Inc |
|---|---|
| Office Contact | 718-500-2231 |