Rochester, NY 14615,586 Ridgeway AVE
Rochester, NY 14615,586 Ridgeway AVE
Rochester, NY 14615,586 Ridgeway AVE
11
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$179,900
Est. payment /mo
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6 Beds
2 Baths
2,458 SqFt
Pending

586 Ridgeway AVE Rochester, NY 14615

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Michael Ablan

Michael Ablan

+1(315) 286-3256

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Pending

Purchase Type For Sale

Square Footage 2,458 sqft

Price per Sqft $73

Subdivision Summit Grove

MLS Listing ID R1650217

Style Duplex

Bedrooms 6

Full Baths 2

Construction Status Existing

HOA Y/N No

Year Built 1922

Annual Tax Amount $4,365

Lot Size 5,209 Sqft

Acres 0.1196

Lot Dimensions 40X130

Property Sub-Type Duplex

Property Description

Introducing an exceptional investment opportunity in the heart of Rochester's growing Maplewood/Summit Grove district: 586-588 Ridgeway Ave, a fully-rented duplex built in 1922 featuring two well-appointed 3-bedroom, 1-bath units. Boasting approximately 2,458 sq ft of living space, each unit includes its own dining room, living room, private attic and basement access — plus a detached 2-car garage on Aster Street offering tenant convenience and added value. Recent sale data supports the strong income potential and market appeal of this side-by-side offering. Gross annual rents of $34500, NOI of $28,527 gives an excellent Cap Rate of 15.85% and Cash-on-Cash Return of 63.39% (assuming 25% Down Payment). Professionally managed, and this arrangement could continue.

Location

State NY

County Monroe

Community Summit Grove

Area Rochester City-261400

Direction Take Ridgeway Ave to corner of Aster Street. Look for sign in yard. Do not bother the tenants, Garage and parking are on Aster Street

Rooms

Basement Full

Interior

Heating Gas, Forced Air

Flooring Hardwood, Resilient, Varies

Fireplace No

Window Features Thermal Windows

Appliance Gas Water Heater

Exterior

Garage Spaces 2.0

Utilities Available Cable Available, Sewer Connected, Water Connected

Roof Type Asphalt

Garage Yes

Building

Lot Description Corner Lot, Rectangular, Rectangular Lot

Foundation Block

Sewer Connected

Water Connected, Public

Architectural Style Duplex

Structure Type Aluminum Siding,Composite Siding,Wood Siding

Construction Status Existing

Schools

School District Rochester

Others

Senior Community No

Tax ID 261400-090-400-0002-077-000-0000

Acceptable Financing Cash, Conventional, Private Financing Available

Listing Terms Cash, Conventional, Private Financing Available

Financing Conventional

Special Listing Condition Standard

Listed by Weichert Realtors - Lilac Properties 585-613-4606

NEARBY SCHOOL & BUSINESS

SCHOOLSPROPERTIES
Elementary Schools 20
  • 10

    Briarwood School

    Public | KG - 3

  • 8

    Rogers Middle School

    Public | 4 - 6

  • 7

    Southlawn School

    Public | KG - 3

  • 4

    School 5-John Williams

    Public | PK - 8

  • 3

    School 9-Dr Martin Luther King Jr

    Public | PK - 8

  • 2

    Buckman Heights Elementary School

    Public | 3 - 5

  • 2

    Longridge Elementary School

    Public | KG - 5

  • 2

    School 34-Dr Louis a Cerulli

    Public | PK - 6

  • 2

    School 54-Flower City Community School

    Public | KG - 6

  • 1

    School 43-Theodore Roosevelt

    Public | PK - 6

  • 1

    School 7-Virgil Grissom

    Public | PK - 6

  • 1

    School 41-Kodak Park

    Public | PK - 6

  • 1

    School 17-Enrico Fermi

    Public | PK - 8

  • 1

    School 42-Abelard Reynolds

    Public | PK - 6

  • 1

    School 8-Roberto Clemente

    Public | PK - 8

  • 1

    School 20-Henry Lomb School

    Public | PK - 6

  • 1

    School 22-Lincoln School

    Public | PK - 6

  • 1

    School 50-Helen Barrett Montgomery

    Public | KG - 7

  • 0

    Holmes Road Elementary School

    Public | KG - 2

  • 0

    Greece Montessori School

    Private | PK - KG

Middle Schools 7
  • 5

    Odyssey Academy

    Public | 6 - 12

  • 4

    University Preparatory Charter School for Young Men

    Public | 7 - 11

  • 3

    Olympia School

    Public | 6 - 12

  • 1

    Leadership Academy for Young Men (The)

    Public | 7 - 11

  • 0

    Villa of Hope

    Private | 6 - 12

  • 0

    Aquinas Institute

    Private | 6 - 12

  • 0

    Young Women's College Preparatory Charter School of Roche

    Public | 7 - 8

High Schools 4
  • 1

    Robert Brown School of Construction and Design

    Public | 9 - 12

  • 1

    Charlotte High School

    Public | 9 - 12

  • 0

    Rochester Science, Technology, Engineering and Math High School

    Public | 9 - 12

  • 0

    Rochester Career Mentoring Charter School

    Public | 9 - 10

School and business data provided by Attom Data.

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Michael Ablan

Michael Ablan

NYS Lic. R.E. Broker / Owner / CEO | License ID: 10491209935

+1(315) 286-3256

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