This mixed-use property in Ridgewood is an exceptional investment opportunity with strong income potential. Here’s a refined overview:
11 Residential Units- The property includes 11 residential units, providing a reliable tenant base and steady rental income.
6 units are one bedroom and units are one studios.
Storefront: The street-level retail space is located in a high-traffic area, offering great visibility and attracting consistent foot traffic.
Gross Annual Income: The property generates a gross annual income of $185,000, indicating strong returns.
Prime Location: Nestled in a vibrant, sought-after neighborhood, the property is conveniently located near shops, restaurants, and major transportation options, enhancing both residential and commercial appeal.
Upgrades: The property features a new roof and furnace, which reduces the need for immediate maintenance and ensures long-term stability.
Property Features
Utilities
Natural Gas Available
Electricity Available
Cooling Information
None
Heating Information
Hot Water
Water Features
Public
Basement
Full
Listing Courtesy: Keller Williams Landmark II - 347-846-1200