Ridgewood 5-Family Investment Property For Sale! Cap Rate: ~6.5%. Property Overview: Zoning: R6B. Lot Size: 25 x 110 ft. Building Size: 25 x 70 ft per floor (1,750 SF per floor). Utilities: 5 gas meters & 6 electric meters (separately metered for easier management). Rental Income (5 Units + 3 Garages): 1A: $1,900. 1B: $1,750. 1C: $1,700. 2L: $3,300. 2R: $2,600. Total Residential Rent: $11,250/month. Owner Pays: Water and heat. Garage Rental Income: $230 + $250 + $200 = $680/month. Total Gross Rent: $11,930/month. ~$143,160/year. Annual Property Tax: $13,300. Net Income: ~$125,000/year. Cap Rate: Approximately 6.5%. Great investment opportunity in Ridgewood! We can deliver vacant whole house. Buyer can choose to keep tenants or vacant whole house.
Active
$1,890,000
716 Woodward Ave #5, Ridgewood, NY 11385
11beds
--sqft
Multi Family
Built in 1930
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
- 98 days
- on Zillow |
- 230 |
- 7 |
Zillow last checked: 7 hours ago
Listing updated: May 14, 2025 at 10:03am
Listing by:
Chase Global Realty Corp 929-260-9118,
Sophia X Yao
Source: StreetEasy,MLS#: S1769645
Travel times
Tour with a buyer's agent
Tour with a buyer's agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 11
- Bathrooms: 7
- Full bathrooms: 7
Interior area
- Total structure area: 0
Property
Details
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1930
Community & HOA
Community
- Subdivision: Ridgewood
HOA
- Services included: Maintenance
Location
- Region: Ridgewood
Financial & listing details
- Date on market: 5/6/2025
- Loading
- Loading