DELIVERED VACANT! R5B. What I Love About this Property: As for an Investment... this part of Ridgewood is a Renters Haven. This area typically harbors more tenants than owners! Proximity to the Subway and the fact that everything is just a corner away is what makes its so attractive to renters. Schools, Libraries, NightLife, Groceries, Parks, BasketBall Courts, and easy easy access to Transportation of all forms. As for Sensible, this is an overall large property, with High Ceilings, and an opportunity for multiple Ideal Layouts. This Two Family sits on a longer than usual Lot @ 134ft, most cap off at 100ft. The Backyard is about 80ft LONG! So for a Family looking to cover most of the mortgage by renting a floor or for an inverstor who just wants a healthy rent roll, this property is Ideal. Renovations are predominantly cosmetic. This Two Family is A Great Opportunity For For Investment In A Prime Location. Both Floors Have An Open Layout That Can Be Manipulated Into Optimal Rental Income. Direct Access To An Extra Large Backyard, Of Which We All Know In Ridgewood Is A Unique And Wonderful To Have!From an Investment perspective, this is on an Ideal block that Many Potential Renters are interested in because of an Easy Commute. Located between Freshpond Road and Forest Avenue, your a Block away from the M Line and Centrally situated in the Heart of Ridgewood. Great Food, Groceries, Shopping, Dining, Bars, Parks , and Ridgewood Nightlife. This property Features an Extra Large and Long Grassy Backyard as well as a Cemented Outdoor Space Big enough to Entertain and BBQ. The first floor unit has already been moderately renovated with Hardwood Flooring, New Walls, and a readjusted layout that creates a Very Spacious (Boxed,Not Railroad) 2 Bedroom, With Dining Room, EIK, Bathroom, & Direct Access to the Backyard. The Average Annual rent for the 1st Floor, In its Current State but With Stainless Appliances & Private Backyard on a Block like Putnam is $2500 and up. The Second Floor can be whatever you want it to be. A few Options: an Extra Large Two Bedroom Unit with the Two smaller attached bedrooms converted into Two Huge Walk In Closets(Boxed Not Railroad), Generous Living Room, EIK. Or Three Bedroom (SemiBox), Generous Living Room, EIk, & Separate Dining Room. Or a 4 Bedroom (SemiBox) , Generous Living Room , EIK. Either way you cut this cake, the rent that your looking at for the 2nd Floor is $2500 and up. If we do the minimum $2500 Rent per each apartment , we are looking at Generating $60,000 annually, Which creates and Desirable Rent Roll, even after expenses are taken into account. The 2nd Floor only needs a Renovation to be brought to 2017. If it were 1970 the 2nd floor unit would be enticing for many :) Underneath the carpet is Hardwood Flooring, and behind the Wood Paneling on the Walls is a regular Wall. Both Units Receive plenty of Sunlight , the Sky Light in the Hall naturally Lights the Stairwell by Sunshine or Moonlight. The roof was recently done. There is a Full Basement with a Flush Walkout to the Backyard...versus the Heavy Double Storm Doors, so easy access in and out.* Details Stated Are Best Of Seller's Knowledge, All Info Must Be Reverified By Buyer. Details Stated Are Best Of Seller's Knowledge, All Info Must Be Reverified By Buyer. Copyright MLS of Long Island. All rights reserved. Information is deemed reliable but not guaranteed.
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