55 Ridgeway Avenue, Rochester, NY 14615

New - 20 Hours Ago
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Property Description

Excellent investment opportunity at **55 Ridgeway Avenue in Rochester's Maplewood neighborhood!** This four-unit property features four spacious one-bedroom, one-bathroom apartments, offering a total of 4 bedrooms and 4 bathrooms. Currently generating **$3,550 per month in rental income ($42,600 annually)**, with individual rents of $1,000, $800, $800, and $950. All four units are separately metered, providing an attractive setup for investors looking to manage utility expenses efficiently. The property features a full basement offering additional storage and utility space, along with a generous rear driveway providing convenient off-street parking for tenants which was paved last year. Apartment 4 has a 3 year old bathroom. Conveniently situated near Lake Avenue and Ridgeway Avenue, the property offers easy access to shopping, restaurants, grocery stores, public transportation, and major commuter routes. Nearby attractions include Maplewood Park, the historic Maplewood Rose Garden, the Genesee Riverway Trail, Kodak Center, and Seneca Park. Downtown Rochester and surrounding employment centers are also easily accessible. Whether you're expanding an existing portfolio or purchasing your first multifamily investment, 55 Ridgeway Avenue presents an opportunity to acquire a four-unit income-producing property with separate metering, off-street parking, and established rental income.

55 Ridgeway Avenue | MLS# B1728722

This multi-family property located at 55 Ridgeway Avenue, Rochester, NY 14615 is currently listed for sale with an asking price of $299,900. Ridgeway Avenue is located within the Rochester school district. Search Rochester real estate on ted-troia.coldwellbankerprime.com today.

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Property Features

Property Type: Multi Unit - Multiple
Basement: Full
Heating: Gas, Forced Air
Lot Size: 0.18 Acres
Stories: 2.0
Taxes: $3,717
Year Built: 1915

Feature Descriptions

Appliances: Gas Water Heater
Exterior: Composite Siding, Other
Flooring: Hardwood, Laminate, Varies, Vinyl
Lot: Rectangular, Rectangular Lot, Residential Lot
Lot Dimensions: 50X161
Parcel#: 261400-090-430-0003-062-000-0000
Parking: Paved, Two or More Spaces
Parking Notes: Paved, Two or More Spaces
Sewer: Connected
Units: 4
Utilities: Sewer Connected, Water Connected
Water: Connected, Public

Local Schools

School District: Rochester

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Estimated Payment

$ 1,064.67 per month $667.45 Principal & Interest $309.75 Property Tax $87.47 Homeowner's Insurance

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Demographics

Listed By / Shown By

Listing By

Agency Name: HUNT Real Estate ERA
Agency Contact: 607-342-7209

Shown By

Agent Name: Ted Christopher Troia
Agent Phone: (518) 496-0274 Cell
Agency Title: Coldwell Banker Prime Properties

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