603 WOODWARD AVE Back on Market Save Request In-Person Tour Request Virtual Tour
Ridgewood,NY 11385
Key Details
Property Type Commercial
Listing Status Back On Market
Purchase Type For Sale
MLS Listing ID KEY807415
Year Built 1915
Annual Tax Amount $29,975
Property Description
This mixed-use property in Ridgewood is an exceptional investment opportunity with strong income potential. Here's a refined overview:
11 Residential Units- The property includes 11 residential units, providing a reliable tenant base and steady rental income.
5 units are studios and 6 units are one bedroom.
Storefront: The street-level retail space is located in a high-traffic area, offering great visibility and attracting consistent foot traffic.
Gross Annual Income: The property generates a gross annual income of $185,000, indicating strong returns.
Prime Location: Nestled in a vibrant, sought-after neighborhood, the property is conveniently located near shops, restaurants, and major transportation options, enhancing both residential and commercial appeal.
Upgrades: The property features a new roof and furnace, which reduces the need for immediate maintenance and ensures long-term stability.
Location
State NY
County Queens
Interior
Heating Hot Water
Cooling None
Exterior
Utilities Available Natural Gas Available
Building
Story 3
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None