507 West Center
Ridgeway, New York NY 14103
$490,000 Price
A-Active Status
Est. Monthly Payment: $2,104.34 See Details
14,194 Square Feet
B1054853 Listing ID
This 14 unit property is fully occupied and making money with a cap rate of 12% (includes expenses plus additional vacancy, management and maintenance percentages). This 14 unit complex includes three (3) mostly maintenance free buildings on one lot 251 x 158 with plenty of parking including a 2.5 car garage. The main building and the carriage house were built in 1900 and have been well maintained offering many updates and modern amenities. The town houses were built in 1978 and offer 2 bedrooms, 1.5 baths and private patios. This is the turn key opportunity with a low vacancy history that you have been waiting for. This property can also be purchased as part of a package to include 37 units in Lockport. Not included in certificate of occupancy is possible 15th unit, call for details.
Schedule Showing
Status A-Active
County Orleans
Year Built 1978
Property Type 5+ Unit Apartments
5+ Unit Apartments
Type Other - See Remarks
{"zipcode": "14103", "price": "490000"}
Down Payment
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Loan Amount
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Primary Features

County: Orleans
Property Type: 5+ Unit Apartments
Year Built: 1978

External Features

Additional Exterior Features: Other - See Remarks, Patio
Driveway Description: Other - See Remarks
Exterior Construction: Other - See Remarks
Garage Spaces per Apartment: More Than 1 Space
Lot Dimensions Depth: 251
Lot Dimensions Frontage: 158
Lot Information: Neighborhood Street
Lot Shape: Rectangular
On Waterfront: no
Parking Spaces per Apartment: 1 Space
Roof Description: Other - See Remarks
Sewer Description: Sewer Connected
Water Resources: Public Connected

Interior Features

Additional Interior Features: Circuit Breakers - Some, Other - See Remarks
Amenities Included: Coin Laundry
Basement Description: Full, Partial, Slab
Floor Description: Other - See Remarks
Heating Fuel Description: Electric, Gas
HVAC Type: Baseboard
Kitchen Equipment Appliances Included: In All Apartments, Oven/Range Freestanding- Some, Refrigerator
Number of 1 Bedroom Apartment: 3
Number of 2 Bedroom Apartment: 7
Number of 3 Bedroom Apartment: 2
Number of Heating Units: 14
Number of Stories: 2.0000
Number of Studio Apartments: 2
Total Number of Apartments: 14


Number of Electric Meters: 14
Number of Gas Meters: 14
Type: Other - See Remarks
Water Heater Fuel: Gas
Year Built Description: Existing

Location Information

Nearest Cross Street: Ann
School District: Medina
Village: Medina-Village

Financial Details

City Village Tax: 5863
First Bedroomm Average Month Rent: 512
Income expense Information: Provided By Owner
Operating Expenses Include: Insurance, Snow Plow, Utilities, Water / Sewer
Rent Includes: Other - See Remarks
School Tax: 7977
Second Bedroom Average Month Rent: 701
Studio Average Monthly Rent: 395
Third Bedroom Average Month Rent: 793
Total Taxes: 18669
Town/County Tax: 4829
Type of Sale: Normal
Value Range Pricing: no

Zoning Info

Listing courtesy of Hunt Commercial Real Estate Co

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Contact - Listing ID B1054853

Mickey Thoren Harmon

560 Delaware Avenue Suite 200
Buffalo, NY 14202
Phone: 716-849-1234
Phone Alt: 716-880-0268
Fax: 716-849-0407

Data services provided by IDX Broker