Description
Excellent investment opportunity in Maspeth! This well-maintained four-unit property features four railroad-style one-bedroom apartments, each offering three rooms, a separate kitchen, and a full bathroom.
One apartment will be delivered vacant, providing an excellent opportunity for an owner-occupant or for achieving market rent. The remaining units offer steady rental income, making this an attractive property for both investors and end users.
Conveniently located on a border of Ridgewood and Maspeth, approximately 0.75 miles from the L and M subway lines, with easy access to shopping, restaurants, local parks, and major highways. A rare opportunity to own a solid income-producing property in one of Queens' most desirable neighborhoods. Unfinished basement. Gas boiler. 5 electric meters, 5 gas meters.
Lot size 25x100ft, bulding size 25x54ft. Building class C3, Zoning R4
Listing courtesy of Douglas Elliman Real Estate
Property Details
- Multi Family
Amenities
- Pets: Building Yes, No
- Smoke Free
- View: Other
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
