Active
1403 Ridley Road, Phelps NY 14532
MLS# R1688898
$219,000
Price
-
Beds
-
Baths
924
Living Area (Sq.Ft.)
12.6
Lot Area (Acres)
$219,000
Price
-
Beds
-
Baths
924
Living Area (Sq.Ft.)
12.6
Lot Area (Acres)
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. <br> <br>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. <br> <br>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. <br> <br>This is a rare opportunity to acquire an income-producing property with upside potential in a growing market.
Status
Active
Property Type
Land
Property Sub Type
MultiFamily
Year Built
1989
Parcel Number
324089-036-000-0002-023-000
Unit Number
--
Lot Features
Rectangular, Rectangular Lot, Rural Lot, Level
Lot Size Dimensions
736X735
Elementary School District
Phelps-Clifton Springs (Midlakes)
Middle Or Junior School District
Phelps-Clifton Springs (Midlakes)
High School District
Phelps-Clifton Springs (Midlakes)
Location
Listing Agent
Jonathan P. Welch
Listing Office
McMillan & Welch Real Estate A
Owner Name
--
Owner Phone
--
Possession
CloseOfEscrow
Special Listing Conditions
Standard
Listing Terms
Cash
Documents Available
Other,SeeRemarks
Listing Agreement
ExclusiveRightToSell
Listing Contract Date
2026-06-08
Development Status
Other, See Remarks
Fire Places Total
0
Heating
true
Heating Features
Propane
Garage
--
Garage Spaces
--
Architectural Style
Other, See Remarks
Exterior Features
Gravel Driveway
Water Source
Well
Sewer
SepticTank
Other Structures
MobileHome
Utilities
Electricity Available
View
true
View Features
Scenic
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
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Listed By
Information deemed reliable but not guaranteed. IDX data © 2019 REIS MLS. All rights reserved. The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the REIS MLS. Real estate listings held by brokerage firms and are marked with the Broker Reciprocity logo or the Broker Reciprocity thumbnail logo (a little black house) and detailed information about them includes the name of the listing brokers. Realoq is not a Multiple Listing Service, nor does it offer MLS access. This website is a service of Realoq, a service company Participant of the REIS MLS. Information deemed reliable but not guaranteed. Data updated daily; data last updated .
Digital Millennium Copyright Act (DMCA) Notice
The Digital Millennium Copyright Act of 1998, 17 U.S.C. § 512 (the "DMCA"), provides recourse for copyright owners who believe that material appearing on the Internet infringes their rights under U.S. copyright law. If you believe in good faith that any content or material made available in connection with our website or services infringes your copyright, you (or your agent) may send us a notice requesting that the content or material be removed, or access to it blocked. Notices and counter-notices should be sent in writing by mail to DMCA Designated Agent.
The DMCA requires that your notice of alleged copyright infringement include the following information: (1) description of the copyrighted work that is the subject of claimed infringement; (2) description of the alleged infringing content and information sufficient to permit us to locate the content; (3) contact information for you, including your address, telephone number and e-mail address; (4) a statement by you that you have a good faith belief that the content in the manner complained of is not authorized by the copyright owner, or its agent, or by the operation of any law; (5) a statement by you, signed under penalty of perjury, that the information in the notification is accurate and that you have the authority to enforce the copyrights that are claimed to be infringed; and (6) a physical or electronic signature of the copyright owner or a person authorized to act on the copyright owner's behalf. Failure to include all of the above information may result in the delay of the processing of your complaint.