5924 Putnam, Ridgewood, NY, 11385
24 rooms
13 beds
11 Full baths
1931
Other
5,300 sqft
Prime Investment Opportunity! Multi-Unit Property in Ridgewood, NY (Ridgewood) High-Income Investment Opportunity in Ridgewood Strong Income Potential This well-maintained 11-unit building generates a gross annual income of $184,000, with a net operating income (NOI) of $135,000, ensuring solid returns for investors. A consistently occupied property with a reliable rent roll, offering low vacancy rates and steady cash flow. Prime Ridgewood Location! Located in a highly sought-after neighborhood, this property provides easy access to public transit, shopping, dining, and community amenities, enhancing its long-term desirability. Financial Overview: Annual Expenses: $49,000 (including utilities, taxes, insurance, and maintenance). Competitive Cap Rate: A strong return based on market value, making it an excellent long-term investment. Turn-Key Investment with Upside Potential This property is a perfect addition to any real estate portfolio, offering consistent cash flow, minimal vacancies, and future appreciation potential. Whether you're an experienced investor or looking to acquire a high-performing asset, this opportunity is not to be missed! ?? Call today to schedule a viewing or request more details!
Status:
Active
Type:
Single-family residential
Garage:
8-car
Heating:
Natural Gas, Other
Cooling:
None
Basement:
Full
Est. Taxes:
$32,681
Construction
Brick
Utilities
Electricity Connected
Elementary School:
Ps 88 Seneca
Middle School:
Is 93 Ridgewood
High School:
Maspeth High School
School District:
Queens24
Days on Market:
77
Appliances:
Gas Range, Refrigerator
MLS #:
824502
Community Info
School Info
Walk Score
Mass Transit
Yelp
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Listing courtesy of Keller Williams Landmark II 347-846-1200