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22 Ridge Ave 4 Unit Apartment Building $1,078,350 CAD ($269,588 CAD/Unit) 10.11% Cap Rate Walden, NY 12586
INVESTMENT HIGHLIGHTS
- Fully renovated 4-unit income property in Walden village
- Hardwood floors, new kitchens, and in-unit laundry hookups
- All units separately metered; landlord pays only water/sewer
- Stable rental income with all units currently leased
EXECUTIVE SUMMARY
Positioned in the heart of Walden village in Orange County, 22 Ridge Avenue presents a fully renovated quadruplex ideal for both owner-occupants and income-focused investors. Originally built in 1900 and thoughtfully updated in 2021, this 4-unit residential income property blends historic charm with modern functionality. Each unit is individually metered for heat and electric, minimizing landlord expenses while maximizing tenant autonomy.
PROPERTY FACTS
| Price | $1,078,350 CAD | Building Class | C |
| Price Per Unit | $269,588 CAD | Lot Size | 0.31 AC |
| Sale Type | Investment | Building Size | 7,189 SF |
| Cap Rate | 10.11% | No. Stories | 2 |
| No. Units | 4 | Year Built | 1900 |
| Property Type | Multifamily | Parking Ratio | 1/1,000 SF |
| Property Subtype | Apartment | ||
| Zoning | R-3 - Multi-Family Residential | ||
| Price | $1,078,350 CAD |
| Price Per Unit | $269,588 CAD |
| Sale Type | Investment |
| Cap Rate | 10.11% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Building Class | C |
| Lot Size | 0.31 AC |
| Building Size | 7,189 SF |
| No. Stories | 2 |
| Year Built | 1900 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3 - Multi-Family Residential |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 3+2 | 3 | - | - |
1 1
PROPERTY TAXES
| Parcel Number | 334205-309-000-0017-007.100-0000 | Improvements Assessment | $247,005 CAD |
| Land Assessment | $54,563 CAD | Total Assessment | $301,568 CAD |
PROPERTY TAXES
Parcel Number
334205-309-000-0017-007.100-0000
Land Assessment
$54,563 CAD
Improvements Assessment
$247,005 CAD
Total Assessment
$301,568 CAD
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22 Ridge Ave
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