Description
Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgrade in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities and 50% of the property taxes and you have the makings of an investment property that you can hold for years to come. Listing courtesy of Triumph Property Group Ltd
Property Details
- Multi Family
Amenities
- Pets: Unit Yes
The Neighborhood
Although it's a high-density area, Ridgewood is a quiet neighborhood.
Recently, a slew of artists, musicians, and young professionals priced out of Brooklyn’s hipper neighborhoods have moved in. They’re attracted to its affordability and low-key lifestyle. Ridgewood isn’t a scene for nightlife but there is enough retail, restaurants, bars, and other amenities to keep most people happy. If you’re looking to dance until the wee h ... read more
