1952 Ridge Rd

4
Baths
4,935 Sq. Ft.
$33 / Sq. Ft.
4,935
Sq. Ft.
$33
per Sq. Ft.

Description

RARE investment opportunity in the heart of Ontario. This 4-family is family owned for 50 years, Gross Income of $25,080 with separate utilities. Recent tear off in 2013 on most of the roof, 3-unites have been recently up-dated in 2017, long term tenants are month to month. Capitalization rate is 10% which is an above average Cap Rate. Think of all the possibilities this 4-family offers you. Live in one unit while renting out the other 3-units with a positive cash flow paying for your rent for FREE...RARE investment opportunity in the heart of Ontario. This 4-family is family owned for 50 years, Gross Income of $25,080 with separate utilities. Recent tear off in 2013 on most of the roof, 3-unites have been recently up-dated in 2017, long term tenants are month to month. Capitalization rate is 10% which is an above average Cap Rate. Think of all the possibilities this 4-family offers you. Live in one unit while renting out the other 3-units with a positive cash flow paying for your rent for FREE . Agent is related to the seller
  1. Listed by Olga S. Podzorov • Howard Hanna
    P: (585)-671-5180 C: (585)-347-1840 olgapodzorov@howardhanna.com
  2. Listed by Anthony J. Robusto • Howard Hanna
    P: (585)-671-5180 C: (585)-347-1869 trobusto@gmail.com

Property Details for 1952 Ridge Road

Styles Of Residence
Fourplex
On Waterfront
No
Parking Description
Two Or More Spaces
Nearest Cross Street
Knickerbocker Rd
LISTING CLOSED: 07/02/2018 12:00 AM

Property Details for 1952 Ridge Road

StatusClosed
MLS #R1114310
Days on Market7
Taxes$4,659 / year
HOA Fees-
Condo/Co-op Fees-
Property TypeMulti Family
MLS TypeResidential / Residential
Year Built1900
Lot Size0.39 AC / 16,988 SF
CountyWayne County

Location

Listing Courtesy of Howard Hanna

Sold By Keller Williams Realty Gateway

Add your commute

Building Information for 1952 Ridge Road

Stories2Residences4Year Built1900Building Size-Lot Size0.39 AC / 16,988 SF

Payment Calculator

$1,203 per month

30 year fixed, 6.36% Interest

Principal and Interest

$815

Property Taxes

$388

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

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Property Information for 1952 Ridge Road

Summary
Location and General Information
  • Elementary School District: Wayne
  • High School District: Wayne
  • Middle Or Junior School District: Wayne
  • Village: Not Applicable
  • Human YN: No
Parking
  • Garage Spaces per Apt: .00
Taxes and HOA Information
  • Area NYSWIS Code: Ontario-543400
  • Tax Annual Amount: $4,659.00
Property
Lot Information
  • Building Area Total: 4935.0
  • Land Features: Agricultural, Rectangular, Rectangular Lot, Residential Lot
  • Num Of Acres: 0.39
  • Lot Size Area: 0.39
  • Lot Size Square Feet: 16988.0
  • Lot Size Units: Acres
  • Parcel Number: 543400-063-117-0014-269-459-0000
  • Road Frontage: City Street
  • Lot Number: 269
Property and Assessments
  • Property Condition: Resale
  • Assessed Value: $140,800
  • Year Built: 1900
  • Year Built Description: Existing
Utilities
  • Electric Service: Circuit Breakers
  • Num Of Electric Meters: 3
  • Num Of Gas Meters: 3
  • 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
  • Foundation Description: Stone
Interior Features
  • Appliances: Electric Water Heater, Gas Water Heater, Refrigerator
  • Basement Description: Full
  • Basement YN: Yes
  • Num Fireplaces Total Calculated: 0
  • Fireplace YN: No
  • Floor Description: Carpet, Varies, Vinyl
  • Heating: Electric, Gas, Baseboard, Forced Air
  • Heating YN: Yes
  • Interior Features: Attic, Ceiling Fans, Natural Woodwork
  • Levels: Two
  • Sq Ft Total: 4935.0
  • Main Level Bathrooms: 0
  • Window Features: Storm Windows, Wood Frames
Multi Family
Multi-Family Information
  • Gross Annual Income: $25,080.00
  • Net Operating Income: $20,421.00
  • Number Of Units In Community: 4
  • Number Of Units Total: 4
  • Operating Expenses: $4,027.00
  • Operating Expense Includes: Insurance, Maintenance Structure, Snow Removal, Trash, Water Sewer
  • Stories: 2
  • Stories Total: 2
Unit 1
  • Unit Type Actual Rent: $525.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $525.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 525
Unit 2
  • Unit Type Actual Rent: $595.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 2
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $595.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 595
Unit 3
  • Unit Type Actual Rent: $495.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room
  • Unit Type Total Rent: $495.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 495
Unit 4
  • Unit Type Actual Rent: $475.00
  • Unit Type Baths Total: 1
  • Unit Type Beds Total: 1
  • Features: Oven/ Range,Refrigerator,Eat-In Kitchen,Living Room,Porch
  • Unit Type Total Rent: $475.00
  • Unit Type Month To Month YN: Yes
  • Unit Type Num Full Baths: 1
  • Unit Type Num Half Baths: 0
  • Unit Type Actual Rent Range: 475
Rental
Rental Information
  • Rent Includes: Common Area Maintenance, Gardener, Snow Removal, Trash Collection, Water
  • Tenant Pays: All Utilities

Property History for 1952 Ridge Road

DateEvent & SourcePriceAppreciation
Jul 2, 2018

Sold (Public Record)

Public Record #630416929

$163,500
Jul 2, 2018

Sold

WNYREIS #R1114310

$163,500
Jul 2, 2018

Sold

New York State Alliance of MLSs (Buffalo) #R1114310

$163,500
DateEvent & SourcePrice
07/02/2018

Sold (Public Record)

Public Record #630416929

$163,500
07/02/2018

Sold

WNYREIS #R1114310

$163,500
07/02/2018

Sold

New York State Alliance of MLSs (Buffalo) #R1114310

$163,500

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

Public Records for 1952 Ridge Road

Taxable ValueLand$18,200Additions$147,600Total$165,800
Home Facts
Total Finished SqFt3,524 SqFtAbove Grade Finished SqFt3,524 SqFtUnfinished Basement SqFt1,411 SqFtStories2Lot Size16,988 SqFtStyleMulti-Family Res (5+ Units)Year Built1960ZoningURCountyWAYNEAPN543400 63117-14-269459

Schools near 1952 Ridge Road

This home is within Wayne Central School District.
Rating
School
Type
Grades
Distance
Public - K to 2
Public - 3 to 4
Public - 5 to 8
Public - 9 to 12
Rating
School
Distance
Ontario Primary School
PublicK to 2

Ontario Elementary School
Public3 to 4

Wayne Central Middle School
Public5 to 8

Wayne Senior 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.

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.