1830 Madison Street

Description

Discover this meticulously maintained 6-family brick home in the heart of Ridgewood, Queens, a thriving and highly sought-after neighborhood bordering Brooklyn. This turnkey investment property features six thoughtfully and excellently renovated units, all fully occupied, ensuring immediate rental income. It is an exceptional opportunity to own a rent-stabilized, income-producing 6-family brick building in the heart of Ridgewood, Queens, generating approximately $110,853 in annual rental income. This well-maintained property consists of six spacious 3-bedroom railroad-style units, all thoughtfully updated and fully occupied, ensuring consistent cash flow. Situated on a quiet, tree-lined street, this property offers a semi-finished basement, a private backyard, and close proximity to top-rated schools, diverse cultural experiences, and a vibrant local community. Conveniently located near the Forest Ave and Seneca Ave train stations, commuting to Manhattan and surrounding areas is a breeze. Ridgewood is known for its charming historic architecture, excellent school system, and strong rental demand, making this an ideal long-term investment. Whether you're expanding your portfolio or securing a steady income-producing asset, this 6-family gem is an opportunity not to be missed! Annual rent roll - $110,853 Expenses approximately - $38,000 between water, heat, insurance, and property taxes Location: Ridgewood, Queens (Brooklyn Border) Transit: Near Forest Ave & Seneca Ave Train Stations Features: 6 Renovated Units, Basement, Backyard Investment: Fully Occupied, Strong Rental Income