603 Woodward Avenue

Description

This mixed-use property in Ridgewood is an exceptional investment opportunity with strong income potential. Here's a refined overview: 11 Residential Units- The property includes 11 residential units, providing a reliable tenant base and steady rental income. 5 units are studios and 6 units are one bedroom. Storefront: The street-level retail space is located in a high-traffic area, offering great visibility and attracting consistent foot traffic. Gross Annual Income: The property generates a gross annual income of $185,000, indicating strong returns. Prime Location: Nestled in a vibrant, sought-after neighborhood, the property is conveniently located near shops, restaurants, and major transportation options, enhancing both residential and commercial appeal. Upgrades: The property features a new roof and furnace, which reduces the need for immediate maintenance and ensures long-term stability.