18-51 Madison St, Ridgewood, New York, United States | Homes For Sale at GLOBAL LISTINGS

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Home For Sale

$3,300,000

18-51 Madison St
Ridgewood, New York, United States

8bd 4ba

Listed By: Realtyww Info

Listed On: 05/27/2023

Listing ID: GL10379427 View More Details

Description

Enjoy a positive cash flow from day one in the historic district of Ridgewood Queens on the corner of Onderdonk Avenue and Madison Street. This landmarked and well-maintained (roof and chimney upgraded in 2022) 4-unit mixed-use building with spacious apartment layouts has non-controlled/non-stabilized units with below market rents with much room for income improvement. Clean and dry basement available for lots of storage capacity. Add to that the established medical facility that is a staple in the neighborhood that pays its own utilities (plus 50% of the annual increases in property taxes and water) and you have the makings of an investment property that you can hold for years to come.

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Listed by: Triumph On Site Llc