7617 Myrtle Ave, Ridgewood, NY 11385

76-17 Myrtle Avenue, a two-story, mixed-use property containing three apartments and one store, located at the corner of Myrtle Avenue and 78th Street in the Glendale neighborhood of Queens. Some property highlights can be found below: * Low Taxes: The property's tax class caps annual tax hikes to an average of 4% over five years. * Turnkey: Rent is 100% paid by Section 8 / CityFHEPS with no tenant contribution, all but guaranteeing a cash-flowing property. * Upside in Rents: Section 8 vouchers grew an average of 7.7% yearly for the last three years. * Reduced Expenses: The units benefit from central air & heat, reducing the new owner's share of operating costs.