505 Ridge Road #503Lackawanna, NY 14218
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!
- Property TypeMulti-Family
- NeighborhoodBuffalo Crk Reservation
- CountyErie
- Taxes$5,877
- HOA/Condo/Coop Fees$0
- Days on Site51 Days
- MLS StatusPending
- MLS ID NumberB1532161
- Home Size Source Public Records
- Year Built1910
- Lot Size0.1012 Acres
- Full Baths3
- Partial BathsN/A
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General Features
- Style Triplex
- Construction Aluminum SidingBlockConcreteSteel Siding
- Parking No Driveway
- Electric Circuit Breakers
- Basement FullSump Pump
- Number of Stories 33
- Acreage 0.1012
- Water Public
- Cross Street Center Street
- Property Sub Type Multi Family
- Garage Spaces 0
- Utilities Sewer ConnectedWater Connected
- Foundation Block
- Listing Conditions Standard
Interior Features
- Heating GasForced Air
- Appliances Electric Water HeaterGas Water Heater
- Flooring LaminateVariesVinyl
- Interior AtticProgrammable Thermostat
- Fireplaces 0
- Laundry Features Common Area
- Fireplace No
Exterior Features
- Roof Asphalt
- Fencing Partial
- Waterfront Property No
- Exterior AwningsDeckFence
- Lot Near Public Transit
- Patio And Porch Deck
Community Features
- Township Not Applicable
- MLS Area Lackawanna-City-140900