1824 Grove Street

Brand new INVESTMENT PROPERTY with 6% CAP RATE & $95K NOI. Ultra Modern, extra wide 3 Family Beauty in Ridgewood. A keyless entry system opens up the glass front door to the first floor; where you will find a spacious 4 bedroom rental until currently occupied collecting $4,200 rental income. Access to the massive recreational room in the basement is available to every tenant with brand new boilers, tanks, electrical, and a washer/dryer for the entire building as well as access to the backyard. Expanding over 1200 sq ft, the rec room also features a pool table, foosball table, a lounge area, and a spacious half bath. On the top floor there are two 2 bedroom apartments, fully renovated with hardwood floors, stainless steel Frigidaire appliances, a dishwasher, 4 burner stove, intercom and alarm system as well as private decks for each unit. Close to the M train this building is either the perfect investment to net you over a 6% cap rate or the ideal starter home for a young professional ready to collect an immediate income.