507 W. Center Street
Ridgeway, NY 14103

$490,000
Est. Mortgage: $2,379/mo
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Pending
  • 14,194
    sq.ft.
Multi-Family Home

This 14 unit property is fully occupied and making money with a cap rate of 13%. This 14 unit complex known as VILLA LA BELLA 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 additional 37 units in Lockport ml#b1062660(known as 195 Locust) . Not included in certificate of occupancy is possible 15th unit, call for details

Property Details
  • Medina
    school district
  • $18,669.00
    taxes
  • 1978
    built
  • 2
    stories
  • B1062663
    MLS#
Electric range
Electric oven
Refrigerator
Electric heat
Baseboard heat
Cable television available
Ceramic tile flooring
Carpet
Wall to wall carpeting
Vinyl flooring
Laminate flooring
Full basement
Slab basement
Elementary school: Other - See Remarks
Middle school: Clifford Wise Middle
High school: Medina High
School district: Medina
Vinyl siding
Frame exterior
Patio
Lot acreage is: 0.9152
Lot size: 251x158
Lot number: 36
Asphalt roof
Concrete driveway
Public water
Total square feet: 14194
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Name Type GreatSchools
Rating
Distance
Oak Orchard School Pre-School, Elementary School / Public N/A 0.41 mi.
Clifford Wise Middle School Elementary School, Middle School / Public 7 0.64 mi.
Medina High School High School / Public 5 0.72 mi.
Faith Christian Academy * Elementary School, Middle School, High School / Private N/A 3.05 mi.
Orleans County Christian School * Elementary School, Middle School, High School / Private N/A 0.43 mi.
Royalton Hartland Middle School * Middle School / Public 7 3.59 mi.
Address Distance Sale date Sale price
10481 RIDGE RD 4.05 mi. 12/20/2016 $53,191
{"markerType": "ForSale", "lat": "43.22039", "lng": "-78.39555", "Address": "507 W. Center Street", "City": "Ridgeway", "StateProv": "NY", "ZipCode": "14103"}
{"markerType": "Sold", "lat": "43.265028", "lng": "-78.447592", "Address": "10481 RIDGE RD", "City": "MEDINA", "StateProv": "NY", "ZipCode": "14103"}
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Ridgeway Real Estate Market in 14103
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$81,010
Average sale price
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The approximate monthly principal & interest payment for this property would be $2,378.85.

This payment is based on a 30-year loan at a fixed rate of 4.500 % - APR 4.573 % with a down payment of $24,500. Actual lender interest rates and loan programs may vary. Loans with lower down payments are available.

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507 W. Center Street, Ridgeway, NY 14103 multi-family home offered for sale at $490,000.
Disclaimer: All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither the listing broker(s) nor Howard Hanna Real Estate Services shall be responsible for any typographical errors, misinformation, misprints, and shall be held totally harmless. © 2018 CNYIS, UNYREIS, WNYREIS. All rights reserved.
School ratings are supplied by GreatSchools. School attendance zone boundaries are supplied by Maponics. Both are subject to change.

* indicates a school is in close proximity to this home, but this home is not guaranteed to fall within the school's attendance zone boundaries. Check with the applicable school district prior to making a decision based on these boundaries.