$1,200,000
$1,250,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
74-23 64 LN Ridgewood, NY 11385
6 Beds
2 Baths
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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Bought with Exit All Seasons Realty