Welcome to 18-30 Madison Street, Ridgewood, NY. An excellent opportunity to own a large well-maintained six-family property in one of Queens’ most sought-after and vibrant neighborhoods. This property is in good condition and features numerous recent upgrades. The property currently generates approximately $110,000 in annual income and offers a cap rate of over 6.5%, making it an attractive opportunity for investors and young end-user or first-time multi-family buyer, this property offers the opportunity to live in one of the units while the rental income from the other apartments helps offset the mortgage and ownership expenses. Located in prime Ridgewood, with convenient access to transportation, shopping, restaurants, schools, and neighborhood amenities.
Property Features
Utilities
Natural Gas Available
Electricity Available
Electricity Connected
Natural Gas Connected
Phone Available
Phone Connected
Underground Utilities
Water Available
Water Connected
Parking
No Garage
None
Cooling Information
Wall/Window Unit(s)
Heating Information
Natural Gas
Water Features
Public
House Interior
Entrance Foyer
Basement
Full
School Information
School Information for 18-30 Madison St ST, Ridgewood, NY 11385
Elementary School
Ps 71 Forest
Middle School
Is 93 Ridgewood
High School
Grover Cleveland High School
Listing Courtesy: Keller Williams Landmark II - 347-846-1200