Pending

505 Ridge Road
Lackawanna, NY 14218

$209,000
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Property 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. 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!

Details

Interior Features: Attic, Programmable Thermostat
Utilities: Sewer Connected, Water Connected
Appliances: Electric Water Heater, Gas Water Heater
Flooring: Laminate, Varies, Vinyl
Basement: Full, Sump Pump
Laundry: Common Area
Heating: Gas, Forced Air
Architectural Style: Triplex
Exterior Features: Awnings, Deck, Fence
Construction Materials: Aluminum Siding, Block, Concrete, Steel Siding, Copper Plumbing, P E X Plumbing
Patio & Porch: Deck
Foundation: Block
Lot Dimensions: 32 X137
Lot Size: 0.1012
Roof: Asphalt
Sewer: Connected
Water: Connected, Public
Parking: No Driveway