
$2,300,000
568 Grandview Avenue
Details
APN 4-03383-0053
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Units 4
NOI $71,036
Year Built 1917
Acreage 0.040
Zoning R6B
Multifamily | 4 Units
Marketing description
Conveniently located mixed use commercial and residential property in the heart of Ridgewood. Located on a busy intersection in the up and coming Ridgewood. The storefront directly benefits from its excellent location and can serve as a variety of uses; tenant pays $2,100 per month, no lease. The first floor residential unit features 1 bedroom, 1 full bathroom, a living/dining room, and a kitchen; tenant pays $1,500 per month, lease ends 9/30/26. The second floor features 2 bedrooms, 1 full bathroom, a living/dining room, and a kitchen; tenant pays $2,400 per month, no lease. The third floor features 4 bedrooms, 1 full bathroom, a living/dining room, and a kitchen; tenant pays $2,550 per month, lease ends 9/30/26. 4 garages; 2 are currently empty, and 2 are currently occupied, each receive $400 and $350 per month. Landlord pays water and heat, tenants pay all other utilities. Don't miss this chance to own this excellent investment opportunity!
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$71,036.00
$5,919.67/mo
Valuation Metrics
0
DSCR
3.09%
Cap Rate
3.09%
ROI
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