Ridgewood, NY 11385,74-23 64 LN

$1,200,000

Est. payment /mo

$1,250,000

4.0%
Est.Price: ?

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74-23 64 LN Ridgewood, NY 11385

6 Beds

2 Baths

SOLD DATE : 05/29/2024

Key Details

Sold Price $1,200,000

Property Type Multi-Family

Sub Type Duplex

Listing Status Sold

Purchase Type For Sale

MLS Listing ID KEYL3534345

Sold Date 05/29/24

Bedrooms 6

Full Baths 2

Originating Board onekey2

Rental Info No

Year Built 1915

Annual Tax Amount $6,649

Lot Dimensions 20x100

Property Description

*PICS ARE WHEN THE PROPERTY WAS VACANT* BEING DELIVERED WITH OCCUPIED WITH QUALIFIED RENTERS THAT PAY ON TIME! Attention Investors! Opportunities like this don't come knocking often, but when they do, it's time to take notice. Picture this: a fully functional, turnkey income producer nestled in the heart of Ridgewood, Queens. With lower bank rates making financing more enticing than ever, now is the perfect time to seize this multi-family gem. Conveniently situated in a renters' haven, this legal Two-Family home, is primed to be a money-making machine. Boasting a Spacious 3-bedroom Apartment on BOTH the First and Second floor, each unit is close to 1000sqft! But it's not just about the living spaces - it's about Location, Location, Location. Just a 13-minute stroll from the Fresh Pond M-Line Subway, residents enjoy unparalleled access to the city. And with an abundance of amenities right on their doorstep - from eclectic eateries to trendy bars - every convenience is within reach...EVEN BUSHWICK IS ONLY A 5 MINUTE BIKE RIDE AWAY! What sets this Opportunity apart for investors? Let's talk numbers. With an excellent rent roll potential and a neighborhood teeming with demand, the revenue streams are ripe for the picking. Plus, with commuting made seamless thanks to multiple transportation options, including bus routes and subway lines, attracting quality tenants has never been easier. But it doesn't end there. Low taxes sweeten the deal, while the Partially Finished basement presents additional income potential. And with the promise of future legalization for accessory dwellings, courtesy of HPD, the value only continues to grow. In a world where home office space is now a necessity, these large units offer versatility, making them all the more desirable in today's market. So, seize the opportunity to own a slice of Ridgewood, where the demand for quality rental properties continues to soar. Don't let this golden investment slip through your fingers. Act now and reap the rewards of prime real estate in one of Queens' most sought-after neighborhoods. Number 4 in the world according to recent headlines! Important Details: Built in 1915. Building: 20X52. LOT: 20X100. R5b Zoning. All information deemed reliable but not guaranteed. Buyers are expected to perform their own due diligence., Additional information: Appearance:excellent

Location

State NY

County Queens

Rooms

Basement Full, Partially Finished

Interior

Heating Hot Water, Natural Gas

Cooling None, Wall/Window Unit(s)

Fireplace No

Appliance Gas Water Heater

Exterior

Garage None

Amenities Available Park

Private Pool No

Building

Lot Description Near Public Transit, Near School, Near Shops

Water Public

Level or Stories Split Entry (Bi-Level), Three Or More

Structure Type Brick

New Construction No

Schools

High Schools Grover Cleveland High School

School District Queens24

Others

Senior Community No

Special Listing Condition None

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Listed by BLT Minimax Realty Inc
Bought with Exit All Seasons Realty

Joel Jeremias

Agent | License ID: 1645960

+1(917) 217-5856

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