1403 Ridley Rd

Phelps, NY 14532

$219,000
Price
—
Beds
—
Baths
924 Sq. Ft.
— / Sq. Ft.
924
Sq. Ft.
—
per Sq. Ft.
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Description

Exceptional investment opportunity on over 12 acres of expansive land, offering both immediate income and future growth potential. The property features eight established mobile home pads, with seven currently occupied, providing steady rental income from day one. Current lot rents are set at $400 per month per pad, while total monthly operating expenses are approximately $870, covering taxes, insurance, common electric, and garbage services—resulting in strong cash flow and attractive margins for...Exceptional investment opportunity on over 12 acres of expansive land, offering both immediate income and future growth potential. The property features eight established mobile home pads, with seven currently occupied, providing steady rental income from day one. Current lot rents are set at $400 per month per pad, while total monthly operating expenses are approximately $870, covering taxes, insurance, common electric, and garbage services—resulting in strong cash flow and attractive margins for investors. With significant additional acreage available, there is potential for expansion or further development, subject to municipal approvals. Buyers are encouraged to contact the Town of Phelps directly for guidance on park expansion and zoning considerations. This is a rare opportunity to acquire an income-producing property with upside potential in a growing market.
  1. Listed by Jonathan P. Welch • McMillan & Welch Real Estate A
    P: (585)-727-1647 C: (585)-727-1647 jpwelch850@gmail.com

Property Details for 1403 Ridley Road

Styles Of Residence
Other, See Remarks
On Waterfront
No
Nearest Cross Street
Cress RD
LISTING UPDATED: 06/08/2026 07:23 PM

Property Details for 1403 Ridley Road

StatusActive
MLS #R1688898
Days on Market4
Taxes$4,472 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeMulti Family / Land
Year Built1989
Lot Size12.60 AC
CountyOntario County
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Location

Listing Courtesy of McMillan & Welch Real Estate A
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Building Information for 1403 Ridley Road

Building Size-Lot Size12.60 AC

Payment Calculator

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$1,464 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,091

Property Taxes

$373

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1403 Ridley Road

Summary
Location and General Information
  • Development Status: Other, See Remarks
  • Elementary School District: Phelps-Clifton Springs (Midlakes)
  • High School District: Phelps-Clifton Springs (Midlakes)
  • Middle Or Junior School District: Phelps-Clifton Springs (Midlakes)
  • Village: Not Applicable
  • View: Scenic
  • View YN: Yes
  • Human YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Phelps-324089
  • Tax Annual Amount: $4,472.00
Property
Lot Information
  • Building Area Total: 924.0
  • Land Features: Rectangular, Rectangular Lot, Rural Lot, Level
  • Num Of Acres: 12.6
  • Lot Size Area: 12.6
  • Lot Size Square Feet: 548856.0
  • Lot Size Units: Acres
  • Parcel Number: 324089-036-000-0002-023-000
  • Possible Uses: Mobile Home
  • Road Frontage: County Road
  • Topography: Level,Rolling
Property and Assessments
  • Assessed Value: $135,000
  • Year Built: 1989
  • Zoning Description: Other - See Remarks
Utilities
  • Sewer Description: Septic Tank
  • Utilities Available: Electricity Available
  • Water Supply: Well
Interior and Exterior Features
Exterior Features
  • Exterior Features: Gravel Driveway
  • Other Structures: Mobile Home
Interior Features
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Heating: Propane
  • Heating YN: Yes
  • Sq Ft Total: 924.0
  • Main Level Bathrooms: 0
Multi Family
Multi-Family Information
  • Number Of Units Total: 0

Property History for 1403 Ridley Road

DateEvent & SourcePriceAppreciation
Jun 8, 2026

Listed (Active)

WNYREIS #R1688898

$219,000—
May 10, 2024

Sold (Public Record)

Public Record #1534930847

$85,798

-0.4% / yr

Jan 9, 2012

Sold (Public Record)

Public Record #1307222815

$90,000—
DateEvent & SourcePrice
06/08/2026

Listed (Active)

WNYREIS #R1688898

$219,000
05/10/2024

Sold (Public Record)

Public Record #1534930847

$85,798

-0.4% / yr

01/09/2012

Sold (Public Record)

Public Record #1307222815

$90,000

For completeness, we often displays two records for one sale: the MLS record and the public record.

Public Records for 1403 Ridley Road

Taxable ValueLand$68,900Additions$66,100Total$135,000
Tax Record2025$4,327 ($361 / month)
Home Facts
Total Finished SqFt924 SqFtAbove Grade Finished SqFt924 SqFtLot Size548,856 SqFtStyleMobile Home ParksYear Built1989Zoning04 - FARMCountyONTARIOAPN324089 36.00-2-23.000

Schools near 1403 Ridley Road

This home is within Phelps-Clifton Springs Central School District.
Rating
School
Type
Grades
Distance
Midlakes Primary School
Public - PK to 2
Midlakes Intermediate School
Public - PK to 6
Midlakes High School
Public - 7 to 12
Rating
School
Distance
Midlakes Primary School
PublicPK to 2

Midlakes Intermediate School
PublicPK to 6

Midlakes High School
Public7 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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More information about 1403 Ridley Road, Phelps, NY 14532

1403 Ridley Road is a multi-family home for sale in Phelps, NY 14532. This property was listed for sale on June 8, 2026 by McMillan & Welch Real Estate A, it's currently listed at $219,000. It has been on the market for a total of 4 days and was last sold on May 10, 2024. This listing's school district is Phelps-Clifton Springs Central School District. Nearby schools include Midlakes Primary School, Midlakes Intermediate School and Midlakes High School. 1403 Ridley Road is a 0-bed, 0-bath, 924 sqft multi-family home built in 1989.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of any information, descriptions or measurements (including square footage measurements and property condition), such should be independently verified through appropriate means, including, but not limited to, in person inspection and public records, and Compass International Holdings, its subsidiaries, affiliates and independently owned and operated franchisees, and their affiliated agents and associated third parties expressly disclaim any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the seller's discretion. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of McMillan & Welch Real Estate A

Based on information from one of the following Multiple Listing Services: WNYREIS and Greater Binghamton Association of REALTORS. Information being provided is for the visitor's personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by WNYREIS and Greater Binghamton Association of REALTORS is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.