1702 Palmetto Street, Ridgewood, NY 11385

4,800 sqft

Multi-Family Home
Built in 1930
1,999sqft lot
—— car garage
$490/sqft
Listed 2 months ago

Property Description

STRONG CASH FLOW & DIVERSE INCOME STREAM- This Brick Building Offers ONE COMMERCIAL Store Front & FIVE FREE MARKET RESIDENTIAL APARTMENTS. Ridgewood Is Recognized For It's RAPID GROWTH And Various New Construction And Condo Conversions So Don't Miss This Armchair Investment Opportunity In A Market Where MIXED- USE PROPERTIES Rarely Become Available. With All Rents Currently Below Market Value There Is Substantial Value-Add Opportunity & Significant Upside Potential For Future Appreciation. By Improving Leasing And Raising The Rents To Current Market Rate There Is A Chance For A Cap Rate Over 10%.

Listing Status:: Active
Listing Office:: Exit All Seasons Realty : 718-345-4545
MLS ID:: 841957

Basement: Full
A/C: Multi Units
Heating: Natural Gas

This listing courtesy of Exit All Seasons Realty

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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