Courtesy: Coldwell Banker American Homes
631-588-9090
A great Investment Opportunity in Suffolk County. A rare, Legal THREE family (by CO) fully occupied, producing very good income. The house is well maintained and updated, located in a quiet residential area, on a large .75 acre lot, partially cleared with a private wooded surrounding. Off street parking in the rear of the property and close to 2 major highways, LIRR, Schools and shopping. Tenants pay for their own electric and heat, owner pays for taxes, water, insurance & low maintenance expenses) The property is currently generating NOI of over $68,000/year providing a CAP Rate over 7% this year (Pro-forma is attached). Don't miss this opportunity for generating great passive income.
Ridge is located in New York. Ridge, New York has a population of 12,931. Ridge is less family-centric than the surrounding county with 32.43% of the households containing married families with children. The county average for households married with children is 32.94%.
The median household income in Ridge, New York is $74,120. The median household income for the surrounding county is $111,660 compared to the national median of $69,021. The median age of people living in Ridge is 48.9 years.
The average high temperature in July is 83 degrees, with an average low temperature in January of 23.5 degrees. The average rainfall is approximately 48.1 inches per year, with 28.4 inches of snow per year.
