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1403 Ridley Road, Phelps, NY 14532

Phelps
Local realty services provided by:CENTURY 21 Galloway Realty
1403 Ridley Road,Phelps, NY 14532
$219,000
  • 12.6 Acres
  • Lots / Land
  • Active
Listed by: jonathan p. welch
Office: mcmillan & welch real estate a
MLS#:R1688898
Source:NY_GENRIS

Price summary

  • Price:$219,000

About this home

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.

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Home facts

  • Year built:1989
  • Listing ID #:R1688898
  • Added:4 day(s) ago
  • Updated:June 13, 2026 at 03:14 PM

Rooms and interior

  • Living area:924 sq. ft.

Heating and cooling

  • Heating:Propane

Structure and exterior

  • Year built:1989
  • Building area:924 sq. ft.
  • Lot area:12.6 Acres
  • Lot Features:Level, Rectangular, Rural Lot
  • Exterior Features:Level, Rolling

Utilities

  • Water:Well
  • Sewer:Septic Tank

Finances and disclosures

  • Price:$219,000
  • Tax amount:$4,472

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