Home Details for 5924 Putnam Ave

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!

• Heating Information

  • Natural Gas
  • Other

• Cooling Information

  • None

• Water Features

  • Public

• House Interior

  • Other

• Utilities

  • Electricity Connected

• Basement

  • Full