Property Details

Overview

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!