Ridgewood, NY 11385,603 WOODWARD AVE
Ridgewood, NY 11385,603 WOODWARD AVE
Ridgewood, NY 11385,603 WOODWARD AVE
Ridgewood, NY 11385,603 WOODWARD AVE
Ridgewood, NY 11385,603 WOODWARD AVE
Ridgewood, NY 11385,603 WOODWARD AVE
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$ 1,999,000
Est. payment | /mo

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$ 1,999,000
Est. payment | /mo
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Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 807415

Rental Info No

Year Built 1915

Annual Tax Amount $29,975

Property Sub-Type Multi Family

Source onekey2

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.
6 units are one bedroom and units are one studios.
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

Rooms

Basement Full

Interior

Heating Hot Water

Cooling None

Fireplace No

Exterior

Utilities Available Electricity Available, Natural Gas Available

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Special Listing Condition None

Listed by Keller Williams Landmark II • Michael Bakheet

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Luciane Serifovic

Luciane Serifovic

CEO & FOUNDER | License ID: 10491208575

+1(917) 567-8767

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603 WOODWARD AVE