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31827014
33762828

1990 Ridge Rd, Ontario, NY 14519 For Sale

Coldwell Banker Commercial Custom Realty
Listed by Coldwell Banker Commercial Custom Realty
$675,000
89 days on market
Updated 27 days ago

1990 Ridge Rd

Details
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 6,260
Units 4
Cap Rate 7.48%
NOI $50,488
Price per SqFt $108
Year Built 1875
Buildings 1
Stories 2

Multifamily | 4 Units | $168,750/unit

Marketing description

Beautifully updated 4-unit multifamily property situated on highly traveled Ridge Road in the Town of Ontario and located within the Wayne Central School District. This investment property offers four residential units with strong rental potential, making it a great option for investors or an owner-occupant looking to offset expenses. The property includes a rear deck, spacious yard, and four dedicated tenant storage areas. Additional income and tenant convenience are provided by the coin-operated washer and dryer. Exterior ADT security cameras are also in place, offering added security and peace of mind. With convenient access to shopping, local amenities, and major commuter routes, this property combines strong visibility with a neighborhood setting. Its established layout, Ridge Road exposure, and potential for rent growth or future improvements make it a solid addition to any investment portfolio.

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Listing Contacts

Coldwell Banker Commercial Custom Realty
Listed by Coldwell Banker Commercial Custom Realty

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$50,488.00
$4,207.33/mo

Valuation Metrics

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DSCR
7.48%
Cap Rate
7.48%
ROI

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