5924 Putnam, Ridgewood, NY, 11385
$2,050,000
Single Family
For Sale
13 Beds
, 11 Full Bath
, 5300 SqFt
Details
ML#: 824502
- Style: Other
- Year Built: 1931
- Taxes: $32,681
- Status:Active
- Foreclose:Yes
Description
Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood)High-Income Investment Opportunity in RidgewoodStrong Income PotentialThis well-maintained 11-unit building generates a gross annual income of $184, 000, with a net operating income (NOI) of $135, 000, ensuring solid returns for investors.A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow.Prime Ridgewood Location!Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability.Financial Overview:Annual Expenses: $49, 000 (including utilities, taxes, insurance, and maintenance).Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment.Turn-Key Investment with Upside PotentialThis property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you’re an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed!?? Call today to schedule a viewing or request more details!
More Property Details
Bedroom: 13
Full Bath: 11
Approx. Int. Sq. Ft.: 5300.00
Garage: Yes
Garage: 8.0
Heat: Natural Gas, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $32,681
School District: Ps 88 Seneca
Listing Information provided courtesy of
Keller Williams Landmark II
347-846-1200