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$219,000
-- Bed
-- Bath
12.6acres lot
1403 Ridley Rd, Phelps, NY 14532
$219,000
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Residential Lot
Built in 1989
$-- HOA
12.6 acres lot
$17,381/acre
Description
Exceptional investment opportunity on over 12 acres of expansive land, offering both immediate income and future growth potential. The property features eight established mobile home pads, with seven currently occupied, providing steady rental income from day one.
Current lot rents are set at $400 per month per pad, while total monthly operating expenses are approximately $870, covering taxes, insurance, common electric, and garbage services—resulting in strong cash flow and attractive margins for investors.
With significant additional acreage available, there is potential for expansion or further development, subject to municipal approvals. Buyers are encouraged to...
- Houzeo last checked: 6 hours ago
- Listing updated: June 24, 2026 at 5:52 pm
- Listing Provided by: Jonathan P. Welch (585) 727-1647 DRE #10311209863 | McMillan & Welch Real Estate A (585) 727-1647
- Source: New York State Alliance of MLSs, Buffalo-NY | MLS#: R1688898
Property Details
Status
Pending
Type
Land
No. of Stories
-
County
City
Neighborhood
--
Year Built
1989
HOA Fees
-
Finished Area
924 sqft
Lot Size
12.6 acres lot
Basement Area
- sqft
MLS Name
New York State Alliance of MLSs, Buffalo
MLS Number
R1688898
MLS Status
Pending
Days on Market
44
Cumulative Days on Market
14
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Houzeo Corp. holds real estate brokerage licenses in Alabama (License No. 000157023 - 0) and Texas (License No. 9013396)
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New York State Fair Housing Notice.
