Property Description

Turnkey, fully gut-renovated 4-family investment property located in the heart of Ridgewood. This exceptional income-producing asset offers approximately $208,800 annual gross income and is conveniently located just minutes from the L train, providing easy access to Manhattan, including Union Square, East Village, and Downtown Brooklyn.Completely renovated from top to bottom, the property features modern finishes and quality construction upgrades designed for long-term durability, low maintenance, and strong rental appeal. Situated in one of Ridgewood's most desirable rental neighborhoods with consistent tenant demand.Unit Configuration:(2) Duplex-style 3-bedroom, 2.5-bath units with private backyard access(2) Spacious 3-bedroom, 2-bath unitsModern kitchens and updated bathrooms throughoutIn-unit washer and dryer in every apartmentSeparate utilities; tenants responsible for heat, gas, and electric where applicableProperty Highlights:Full gut renovation> >Sound-insulated walls and floor assemblies between units>Oversized new windows providing abundant natural light>High-end appliances and contemporary interior finishes>Transit-oriented location with strong rental demand>Attractive opportunity for long-term income-oriented investors>Approximate 6.82% cap rate!!!

Property Features

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