505 Ridge Road, Unit 503
505 Ridge Road, Unit 503
$209,000
6
3
3,276
3,276
$64
Pending
Description
3-unit money maker with potential to bring in over $3,100 per month in rent plus coin operated laundry. Existing 2 tenants plan to stay and HUGE vacant 3br upper apartment with estimated market value $1,350 - $1,400 could easily be the owners unit! 2nd floor upper apartment boasts finished 3rd story living space that essentially doubles the size of the unit. Lower front unit has already signed lease renewal for increase from $775 to $805 per month beginning 5/1/2024. Lower rear leased through 9/30/2024....3-unit money maker with potential to bring in over $3,100 per month in rent plus coin operated laundry. Existing 2 tenants plan to stay and HUGE vacant 3br upper apartment with estimated market value $1,350 - $1,400 could easily be the owners unit! 2nd floor upper apartment boasts finished 3rd story living space that essentially doubles the size of the unit. Lower front unit has already signed lease renewal for increase from $775 to $805 per month beginning 5/1/2024. Lower rear leased through 9/30/2024. With some creativity the basement could be turned into an additional rental unit with separate entrance. An easy addition to any portfolio with professional management already in place. Located near bus route and minutes from major highways!
- Listed by Christopher J Lofstrand • Nichol City RealtyP: 716-288-5484 C: 716-609-4075 chrislofstrand.nicholcity@gmail.com
Property Details for 505 Ridge Road, Unit 503
Subdivision Comm Complex
Buffalo Crk Reservation
Styles Of ResidenceTriplex
On WaterfrontNo
Parking DescriptionNo Driveway
Nearest Cross StreetCenter Street
Location
LISTING UPDATED: 05/03/2024 03:59 PM
Property Details for 505 Ridge Road, Unit 503
Status | Pending |
---|---|
MLS # | B1532161 |
Days on Market | 12 |
Taxes | $5,877 / year |
HOA Fees | - |
Condo/Co-op Fees | - |
Compass Type | Multi Family |
MLS Type | Multi Family / Residential |
Year Built | 1910 |
Lot Size | 0.10 AC / 4,409 SF |
County | Erie County |
Location
Building Information for 505 Ridge Road, Unit 503
Stories3Residences3Year Built1910Building Size-Lot Size0.10 AC / 4,409 SF
Payment Calculator
$1,630 per month
The Payment Calculator is for illustrative purposes only.
Property Information for 505 Ridge Road, Unit 503
Property History for 505 Ridge Road, Unit 503
Date | Event & Source | Price | Appreciation |
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Date | Event & Source | Price |
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For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Schools near 505 Ridge Road, Unit 503
This home is within Lackawanna City School District.
Rating | School | Type | Grades | Distance |
---|---|---|---|---|
Public - | PK to 1 | |||
Public - | 2 to 5 | |||
Public - | 6 to 8 | |||
Public - | 9 to 12 |
Rating | School | Distance |
---|---|---|
Truman Elementary School PublicPK to 1 | ||
Martin Road Elementary School Public2 to 5 | ||
Lackawanna Middle School Public6 to 8 | ||
Lackawanna 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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