716 Woodward Avenue, Ridgewood, NY 11385

3,500 sqft

Multi-Family Home
Built in 1930
2,744sqft lot
—— car garage
$540/sqft
Listed 1 month ago

Property Description

Ridgewood 5-Family Investment Property For Sale! Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Bed and Bath: 11 Bedrooms and 7 Bathrooms. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house.

Listing Status:: Active
Listing Office:: Chase Global Realty Corp : 718-355-8788
MLS ID:: 852985

A/C: None

This listing courtesy of Chase Global Realty Corp

Monthly Payment

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Principal & Interest $
Property Taxes $
Home Insurance $
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