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31827020
31827021

1990 Ridge Rd, Ontario, NY 14519

Coldwell Banker Commercial Custom Realty
Listed by Coldwell Banker Commercial Custom Realty
$675,000
43 days on market
Updated 43 days ago

1990 Ridge Rd

Details
Property Type Multifamily
Sub Type Apartment Building
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

Gorgeous renovated 4-unit multifamily investment property located on highly visible Ridge Road in the Town of Ontario within the Wayne Central School District. This property features four residential units and offers strong income potential for both seasoned investors and owner-occupants. This property features a rear deck and a large yard for tenants. Additional value-add features include four dedicated tenant storage units, coin operated washer and dryer for additional income providing added convenience for tenants. The property is also equipped with ADT security cameras monitored throughout the exterior, offering an added layer of safety and peace of mind. Convenient access to local amenities, shopping, and commuter routes while maintaining a neighborhood feel. With its prime Ridge Road exposure, stable layout, and upside potential through rent optimization or improvements, this is an excellent opportunity to add a performing asset to your portfolio. Auction Deadline is 5/8/2026 @ 2:30pm. Seller shall reserve the right to negotiate with any offer submitted on the auction platform. Live Auction can be found on www.customXchange.com platform.

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

0
DSCR
7.48%
Cap Rate
7.48%
ROI

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