Welcome to 60-62 70th Avenue! This large three-family home is located on a quiet tree-line street. This home is perfect for a seasoned investor or a first time home buyer looking for a significant rent roll to help with their mortgage.
The first and second-floor units are set up in a railway style which offers the option for a separate living and dining room and one bedroom plus a home office. The skylights and large windows offer an abundance of natural light from southern and northern exposures.
The garden apartment features a large twenty-by-twenty six garden that has been meticulously cared for by the current tenant.
Additionally, there is a 20x60 unfinished basement with very tall ceiling and a separate entrance that could easily be converted into a media den or playroom or function as an artist studio space or workshop. Overall the house needs some TLC; but if, completely renovated to maximize layout/bedroom count this house could yield a great return.
Located in the heart of Ridgewood with multiple options for public transport nearby including the L and M trains and with renowned neighborhood eateries such as The Ridgewood Ale House, Normas Corner Shoppe and Milk & Pull close by, this location is ideal. Nearby Evergreen park, Joseph F. Mafera Park, and Rosemarys Playground offer a fun retreat for weekend fun.
With a great location and multiple options for configuration, this sizable townhouse is a great place to call home.
*Photos are virtually staged
With the recent unprecedented rate cut by the Federal Reserve, banks have been inundated with people looking to take advantage of lower interest rates. Because of the overwhelming demand, we have not yet seen a huge reduction in mortgage rates. While we aren’t there yet, it is likely that we will see a dramatic shift in the upcoming months, which raises the question, “What does a 1 point difference in interest rate do for my bottom line?”Read more