18-30 Madison St
Property 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.
Broker Details
Keller Williams Landmark II (347) 846-1200
MLS ID: 99209 State License Number: 40EL0920920
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $1,189,000 |
| No. of Units: | 6 |
| Year Built: | 1930 |
| Opportunity Zone: | No |
| Price per unit: | $198,167 |
| Property Website | Click Here |
| Number of Bedrooms: | 0 |
| Number of Bathrooms: | 0 |
ID: 3yd-MLSLINY-1052522
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