67-03 Myrtle Ave, Ridgewood, NY 11385

Fantastic investment opportunity! This large brick mixed-use building offers a prime commercial and residential setup. The 1st floor features an operating 99 cent store, providing stable rental income paying $2,500 per month with a lease in place until 12/31/28. The 1st floor tenant is responsible for paying the electricity costs for both their individual commercial space and the common area usage. The 2nd & 3rd floors each house spacious 3-bedroom apartments with identical layouts, including an EIK, DR, LR, and 1 full bathroom and they each pay $1,700 per month with no lease. Additional highlights include a full basement and private yard. With just a bit of updating and TLC, this property can reach its full potential. Perfect for investors or owner-occupants looking to generate rental income. Approx. Annual Taxes: $9,027 Approx. Annual Operating Expenses: $20,081 Approx. Annual NOI: $50,719