1887 Ridge Rd

2
Baths
2,243 Sq. Ft.
$127 / Sq. Ft.
2,243
Sq. Ft.
$127
per Sq. Ft.

Description

Extremely rare & profitable investment opportunity with four revenue streams! Remarkable cash flow and in impeccable condition! This property features a two family house with a three bedroom unit as of june 1 will be rented at $1,550 and a two bedroom unit rented at $1,000. A barn that can fit 2-3 cars or used as workshop is currently rented at $350 a month, this does not include the entire storage loft. Lastly a parking lot that is rented for $2,652.25 a year. Monthly cash flow is approximately...Extremely rare & profitable investment opportunity with four revenue streams! Remarkable cash flow and in impeccable condition! This property features a two family house with a three bedroom unit as of june 1 will be rented at $1,550 and a two bedroom unit rented at $1,000. A barn that can fit 2-3 cars or used as workshop is currently rented at $350 a month, this does not include the entire storage loft. Lastly a parking lot that is rented for $2,652.25 a year. Monthly cash flow is approximately $3,121. The house features little to no maintenance with vinyl siding and a newer metal roof, plus separate utilities & laundry for each unit! Entire second floor unit is remodeled including the electric! Great fenced-in yard for outdoor space and tons of off-street parking! New vinyl siding on the barn! This investment property is completely rented with exceptional cash flow and a high cap rate! Delayed showings until friday, 4/30/21 @ 5pm.   Showing schedule friday, april 30th 5-6pm, saturday, may 1st 12-2pm, sunday, may 2nd 12-2pm.   Delayed negotiation, all offers reviewed monday, may 3rd @ 10am.
  1. Listed by Richard J. Testa • Howard Hanna
    P: (585)-473-1320 C: (585)-739-3521 richtesta@gmail.com
  2. Listed by Robert Testa • Howard Hanna
    P: (585)-473-1320 C: (585)-739-1693 Robert.testa3@gmail.com

Property Details for 1887 Ridge Road

Styles Of Residence
Duplex
Waterfront Description
Other, See Remarks
On Waterfront
No
Parking Description
Gravel, Paved, Parking Available, Two Or More Spaces, Garage Door Opener
Nearest Cross Street
County Line Road
LISTING CLOSED: 07/22/2021 12:00 AM

Property Details for 1887 Ridge Road

StatusClosed
MLS #R1332820
Days on Market3
Taxes$5,582 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Residential
Year Built1900
Lot Size0.50 AC / 21,780 SF
CountyMonroe County

Location

Listing Courtesy of Howard Hanna

Sold By Howard Hanna

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Building Information for 1887 Ridge Road

Stories2Residences2Year Built1900Building Size-Lot Size0.50 AC / 21,780 SF

Payment Calculator

$1,885 per month

30 year fixed, 6.36% Interest

Principal and Interest

$1,420

Property Taxes

$465

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1887 Ridge Road

Summary
Location and General Information
  • Elementary School District: Webster
  • High School District: Webster
  • Middle Or Junior School District: Webster
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: 1.00
  • Garage YN: Yes
Taxes and HOA Information
  • Area NYSWIS Code: Webster-265489
  • Tax Annual Amount: $5,582.00
Property
Lot Information
  • Building Area Total: 2243.0
  • Land Features: Other, Rectangular, Rectangular Lot, See Remarks
  • Num Of Acres: 0.5
  • Lot Size Area: 0.5
  • Lot Size Square Feet: 21780.0
  • Lot Size Units: Acres
  • Parcel Number: 265489-081-010-0001-035-000
  • Lot Number: 35
Property and Assessments
  • Property Condition: Resale
  • Senior Community YN: No
  • Assessed Value: $112,300
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 2
  • Num Of Gas Meters: 2
  • Sewer Description: Connected
  • Utilities Available: Cable Available, High Speed Internet Available, Sewer Connected, Water Connected
  • Water Supply: Connected, Public
Interior and Exterior Features
Exterior Features
  • Construction Materials: Vinyl Siding, Copper Plumbing
  • Exterior Features: Balcony, Deck, Fence, Patio
  • Fencing: Partial
  • Foundation Description: Stone
  • Patio And Porch Features: Balcony, Deck, Patio
  • Roof Description: Asphalt, Metal
Interior Features
  • Appliances: Gas Water Heater
  • Basement Description: Crawl Space, Full, Sump Pump
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Ceramic Tile, Tile, Varies
  • Heating: Gas, Forced Air
  • Heating YN: Yes
  • Interior Features: Ceiling Fans
  • Levels: Two
  • Sq Ft Total: 2243.0
  • Main Level Bathrooms: 0
  • Window Features: Thermal Windows
Multi Family
Multi-Family Information
  • Gross Annual Income: $37,452.00
  • Net Operating Income: $31,870.00
  • Number Of Units In Community: 4
  • Number Of Units Total: 2
  • Operating Expense Includes: Insurance, Maintenance Structure, Maintenance, Snow Removal, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $2,652.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $2,652.00
  • Unit Type Leased YN: Yes
  • Unit Type Num Full Baths: 0
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 2652
Unit 2
  • Unit Type Actual Rent: $1,000.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Dryer,Oven/ Range,Refrigerator,Washer,Microwave,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $1,000.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 04-01-2022
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1000
Unit 3
  • Unit Type Actual Rent: $350.00
  • Unit Type Baths Total: 0
  • Unit Type Beds Total: 0
  • Features: ,Other - See Remarks
  • Unit Type Total Rent: $350.00
  • Unit Type Leased YN: Yes
  • Unit Type Lease Expires: 11-01-2021
  • Unit Type Num Full Baths: 0
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 350
Unit 4
  • Unit Type Actual Rent: $1,550.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 3
  • Features: Oven/ Range,Refrigerator,Microwave,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $1,550.00
  • Unit Type Lease Expires: 06-01-2021
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 1550
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Gardener, Snow Removal, Trash Collection, Water

Property History for 1887 Ridge Road

DateEvent & SourcePriceAppreciation
Jul 22, 2021

Sold

New York State Alliance of MLSs (Buffalo) #R1332820

$285,000
Jul 22, 2021

Sold

WNYREIS #R1332820

$285,000
Jul 9, 2021

Sold (Public Record)

Public Record #1467855577

$285,000

+9.1% / yr

DateEvent & SourcePrice
07/22/2021

Sold

New York State Alliance of MLSs (Buffalo) #R1332820

$285,000
07/22/2021

Sold

WNYREIS #R1332820

$285,000
07/09/2021

Sold (Public Record)

Public Record #1467855577

$285,000

+9.1% / yr

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

Public Records for 1887 Ridge Road

Taxable ValueLand$31,500Additions$133,800Total$165,300
Home Facts
Baths2Total Finished SqFt2,243 SqFtAbove Grade Finished SqFt2,243 SqFtStories2Lot Size21,780 SqFtStyleDuplexYear Built1900CountyMONROEAPN265489 081.01-1-35

Schools near 1887 Ridge Road

This home is within Webster Central School District.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Schlegel Road Elementary School
PublicPK to 5

Willink Middle School
Public6 to 8

Thomas High School
Public9 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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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. Subject to change at any time. Compass, Inc., its subsidiaries, affiliates and their agents and associated third parties make no guarantee, warranty or representation regarding the accuracy of any waterfront feature, water view or waterfront view.

Listing Courtesy of Howard Hanna

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.