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 contact the Town of Phelps directly for guidance on park expansion and zoning considerations.
This is a rare opportunity to acquire an income-producing property with upside potential in a growing market.
School District: Phelps-Clifton Springs (Midlakes)
Waterfront Y/N: No
HOA Y/N: No
Directions: From Cress road heading East take left onto Ridley rd. Property is approx. 500 feet on right
Property Details
Property Id: 1027735
Price: $ 219,000
Property Size:924.00 ft2
Property Lot Size:12.60 ac
Waterfront Y/N: No
Architectural Style: Other, SeeRemarks
Building Sq Ft Total: 924
Development Status: Other, SeeRemarks
Directions: From Cress road heading East take left onto Ridley rd. Property is approx. 500 feet on right
Elementary School District: Phelps-Clifton Springs (Midlakes)
Heating: Propane
High School District: Phelps-Clifton Springs (Midlakes)
Latitude: 42.964111
List Office Name: McMillan & Welch Real Estate A
List Office Phone: 585-727-1647
List Price: 219000
Listing Id: R1688898
Living Sq Ft: 924
Longitude: -77.023497
Lot Features: Rectangular, RectangularLot, RuralLot, Level
Acres: 12.6
Lot Acres: 12.6
Lot Dimensions: 736X735
Middle School District: Phelps-Clifton Springs (Midlakes)
Status: Active
Photos: 16
Possession: CloseOfEscrow
Possible Use: MobileHome
Postal City: Phelps
Zip Code: 14532
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 contact the Town of Phelps directly for guidance on park expansion and zoning considerations.
This is a rare opportunity to acquire an income-producing property with upside potential in a growing market.
Road Frontage: CountyRoad
StateOrProvince: NY
Street Name: Ridley
Street Number: 1403
Street Number Numeric: 1403
Street Suffix: Road
Total Taxes: 4472
Assessed Value: 135000
Topography: Level, Rolling
Town: Not Applicable
Utilities: ElectricityAvailable
View: Scenic
Water Source: Well
Year Built: 1989
Zoning Description: Other - See Remarks
Amenities and Features
Other Features
GravelDriveway
Has a View
Has Heating System
Map
Courtesy Of : McMillan & Welch Real Estate A
585-727-1647
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