Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a well-maintained large six-family property in one of Queensâ?? most sought-after and vibrant neighborhoods. This property is in good condition and features numerous recent upgrades. The property currently generates approximately $110,000 in annual income and offers a cap rate of over 6.5%, making it an attractive opportunity for investors and a young end-user / first-time multi-family buyer to live in one of the units while the rental income from the other apartments helps offset the mortgage and property expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.
Details:
Families:
6
Property Type:
House
Acres:
0.06
Built:
1930
School District:
Queens 24
Financials:
Price:
$1,189,000
Taxes:
$19,457
Keller Williams Landmark II Talaat A. Elkaray Office: 347-846-1200
