507 W. Center Street
Ridgeway, NY 14103
MLS #B1062663

Apartment Building
    P-Pending Sale $490,000
    Est. P&I payment: $1871.47/mo
    Description for 507 W. Center Street, Ridgeway, NY 14103
    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
    MLS #B1062663
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    My Notes for MLS #B1062663

    General Features

    • Listing Type: Exclusive Right To Sell
    • Property Type: 5 + Unit Apartments
    • Status: P-Pending Sale
    • Total Num of Apartments: 14
    • Type of Sale: Normal
    • Year Built: 1978
    • Year Built Description: Existing
    • Num of 2 Bedroom Apartment: 7
    • Num of 3 Bedroom Apartment: 2
    • Num of Studio Apartments: 2

    Exterior Features

    • Additional Exterior Features: Cable TV Available,​Patio
    • Driveway Description: Blacktop,​Concrete
    • Exterior Construction: Brick and Frame,​Vinyl
    • Garage Spacesper Apt: More Than 1 Space
    • Lot Dimensions Depth: 158
    • Lot Dimensions Frontage: 251
    • Lot Information: Neighborhood Street
    • Lot Number: 36
    • Lot Shape: Rectangular
    • Num of Acres: 0.9152
    • Parking Spacesper Apt: 3 Or More Spaces
    • Roof Description: Asphalt,​Rubber Membrane

    Interior Features

    • Basement Description: Full,​Slab
    • Floor Description: Ceramic-Some,​Laminate-Some,​Vinyl-Some,​Wall To Wall Carpet-Some
    • Kitchen Equip Appl Included: Other - See Remarks,​Oven/Range Electric-Some,​Refrigerator
    • Num of 1 Bedroom Apartment: 3
    • Num of Stories: 2
    • Sq Ft Total: 14,194

    Utility Features

    • Heating Fuel Description: Electric
    • HVAC Type: Baseboard
    • Num of Electric Meters: 15
    • Num of Gas Meters: 1
    • Num of Heating Units: 14
    • Separate Utilities: Electricity,​Gas
    • Sewer Description: Sewer Connected
    • Water Heater Fuel: Electric,​Gas
    • Water Resources: Public Connected

    Financial Features

    • City Village Tax: 5,863
    • First Bedrm Average Month Rent: 512
    • Gross Annual Income: 105,290
    • Incomeexpense Information: Provided By Owner
    • Operating Expenses Include: Other - See Remarks
    • Rent Includes: Grounds Maintenance,​No Utilities,​Other - See Remarks,​Refuse Removal,​Snow Removal,​Water
    • School Tax: 7,977
    • Second Bedrm Average Month Rent: 701
    • Studio Average Monthly Rent: 395
    • Third Bedrm Average Month Rent: 793
    • Total Taxes: 18,669
    • Town County Tax: 4,829

    Community Features

    • Amenities Included: Coin Laundry
    • County Or Parish: Orleans
    • Nearest Cross Street: Ann
    • Village: Medina-Village

    School Features

    • Elementary School Name: Other - See Remarks
    • High School Name: Medina High
    • Middle School Name: Clifford Wise Middle
    • School District Name: Medina


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    The listing information for 507 W. Center Street, Ridgeway, NY 14103 was graciously provided by our friends at the listing brokerage, Hunt Real Estate ERA

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    P&I Payment $1871.47
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    Last Updated 04/26/2018 at 10:28am
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