Multi Family 5+ in Westchester County
| MLS Number | 932055 |
|---|---|
| Address | 137 Willett Avenue, Port Chester, NY 10573 show map |
| Price | $3,033,333 show mortgage calculator |
| Acres | 0.068617998163453 |
| Year Built | 1900 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $51,288 |
| Total Apt Units | 10 |
Prime Investment Opportunity! Multi-Use Commercial & Residential Property 135-139 Willett's Ave, Port Chester, NY 10574 A Rare Ten-Unit Portfolio in Thriving Port Chester Seize a chance to own a fully-occupied, high-yield mixed-use building in the dynamic "Coolchester" market. Located in the heart of downtown, this property offers a diverse income stream from both residential and established retail tenants. Investment Highlights * Exceptional Annual Income: Generating a substantial $245,000} in total annual gross income. * Ideal Unit Mix: A secure blend of residential and commercial tenants: * 8 Residential Units: All highly-desirable one-bedroom apartments. * 2 Ground-Floor Retail Stores: Providing consistent commercial income. * Strong Cash Flow Potential: The robust current income and in-demand unit sizes (1BR apartments) provide an excellent foundation for immediate cash flow and future rent growth. Premier Location: Downtown Port Chester Port Chester is a vibrant, high-demand area often referred to as the "Brooklyn of Westchester County" for its rapid development, culinary scene, and cultural attractions. | Steps from Metro-North Train Station | High demand from NYC commuters. | | Walkable to The Capitol Theatre | Attracts residents seeking entertainment and nightlife. | | Surrounded by New Residential Developments | Indicates strong local investment and future property value growth. | | Access to I-95 & I-287 | Easy connectivity to Westchester County, NYC, and Connecticut. | Property Features This well-maintained building ensures ease of management and lower capital expenditure for the new owner. * Mixed-Use Zoning: Flexibility for future use and high marketability. * Residential Units: In-demand one-bedroom layouts, appealing to renters who are flocking to the area. * Retail Presence: Established commercial storefronts drive foot traffic and stability to the income. * Rye Brook/Port Chester Neighborhood: A desirable area with average 1-bedroom rents estimated around $2,400-$3,000per month, indicating strong rental market support. This is more than a building; it's a strategically positioned financial asset ready to deliver immediate returns. Don't miss this opportunity to acquire a gem in one of Westchester's hottest markets! This well-maintained building ensures ease of management and lower capital expenditure for the new owner.
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