18-30 Madison StRidgewood, NY 11385

Description

Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a large well-maintained six-family property in one of Queens’ 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 young end-user or first-time multi-family buyer, this property offers the opportunity to live in one of the units while the rental income from the other apartments helps offset the mortgage and ownership expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1930

Days on market

25

MLS^® Listing#

1052522

Property Features

Interior

Entrance Foyer

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Full

Parking

No Garage · None

Construction

Brick

Utilities

Natural Gas Available · Electricity Available · Electricity Connected · Natural Gas Connected · Phone Available · Phone Connected · Underground Utilities · Water Available · Water Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps 71 Forest

Middle

Is 93 Ridgewood

High

Grover Cleveland High School

Financial Details

Annual taxes

$19,554