245 Ridgeway Avenue
Rochester, NY 14615

This 7 family is a great rental opportunity. Turn-key property ready to go. When fully occupied rental income was over $4400/month in monthly income. 4-car detached garage can be rented for additional income. Plenty of off street parking in the rear of the property. Newer roof (4 years old). Brand new vinyl siding installed 2023 by Highland Contractors (warranty information provided). Newer vinyl thermopane windows throughout the entire building. Tenants pay gas for cooking, hot water and electric. Owns only pays for heat and water. 6 of the units are 1 bedroom and 1 unit is 2 bedrooms. 245A is currently vacant. 245B is currently vacant. 247A is currently rented at $540/month. 247B is currently rented for $525/month. 249A is currently vacant. 249B is currently rented for $525/month. 251 is currently rented for $950/month. 3 of the units have long terms tenants and the reason for the lower rent amounts. Vacant units are all ready to be rented out. Large unfinished basement for plenty of storage as well as full unfinished attic. All apartments have seperate gas and electric meters, only the furnace is common. New Certificate of Occupanty issued 3/2/2023 to be transferred at closing.