Property Description

Excellent investment opportunity at **55 Ridgeway Avenue in Rochester's Maplewood neighborhood!** This four-unit property features four spacious one-bedroom, one-bathroom apartments, offering a total of 4 bedrooms and 4 bathrooms. Currently generating **$3,550 per month in rental income ($42,600 annually)**, with individual rents of $1,000, $800, $800, and $950. All four units are separately metered, providing an attractive setup for investors looking to manage utility expenses efficiently. The property features a full basement offering additional storage and utility space, along with a generous rear driveway providing convenient off-street parking for tenants which was paved last year. Apartment 4 has a 3 year old bathroom. Conveniently situated near Lake Avenue and Ridgeway Avenue, the property offers easy access to shopping, restaurants, grocery stores, public transportation, and major commuter routes. Nearby attractions include Maplewood Park, the historic Maplewood Rose Garden, the Genesee Riverway Trail, Kodak Center, and Seneca Park. Downtown Rochester and surrounding employment centers are also easily accessible. Whether you're expanding an existing portfolio or purchasing your first multifamily investment, 55 Ridgeway Avenue presents an opportunity to acquire a four-unit income-producing property with separate metering, off-street parking, and established rental income.

Property Features

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