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.
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.
Property Details
Price:
$219,000
MLS #:
R1688898
Status:
Pending
Beds:
0
Baths:
0
Type:
Land
Subtype:
MultiFamily
Neighborhood:
phelps324089
Listed Date:
Jun 8, 2026
Finished Sq Ft:
924
Total Sq Ft:
924
Lot Size:
548,856 sqft / 12.60 acres (approx)
Year Built:
1989
See this Listing
Schools
School District:
Phelps-Clifton Springs (Midlakes)
Interior
Heating
Propane
Exterior
Architectural Style
Other, See Remarks
Exterior Features
Gravel Driveway
Lot Features
Rectangular, Rectangular Lot, Rural Lot, Level
Other Structures
Mobile Home
View
Scenic
Financial
Taxes
$4,472
Map
Community
- Address1403 Ridley Road Phelps NY
- CityPhelps
- CountyOntario
- Zip Code14532
Market Summary
Property Summary
- 1403 Ridley Road Phelps NY is a Land for sale in Phelps, NY, 14532. It is listed for $219,000 and features 13 acres.
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Courtesy of McMillan & Welch Real Estate A. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the New York State Alliance of MLSs. Detailed information about real estate listings held by brokerage firms other than Michael Paduano include the name of the listing broker. Neither the listing company nor Michael Paduano shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2026. New York State Alliance of MLSs. All rights reserved. 1403 Ridley Road
Phelps, NY