Multi Family 5+ in Westchester County
| MLS Number | 1011135 |
|---|---|
| Address | 124 Center Avenue, Mamaroneck, NY 10543 show map |
| Price | $1,495,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1892 |
| Est. Sq. Footage | 0 |
| Elementary School | Mamaroneck Avenue |
| Jr High-Middle School | Hommocks School |
| High School | Mamaroneck High School |
| Estimated Taxes | $25,900 |
| Total Apt Units | 5 |
Rare FIVE-FAMILY family investment opportunity consisting of two separate buildings with off-street tenant parking and substantial income-growth potential. The 2,052-square-foot front building offers three units: a spacious four-bedroom duplex with 1.5 baths and two additional two-bedroom apartments. The 1,612-square-foot rear building contains two three-bedroom apartments. Current rents are well below market (annual income approx. $135K,) and there are presently no written leases in place, offering flexibility for future rent adjustments, subject to applicable laws and regulations. PROJECTED annual income is approximately $220,000 based on anticipated market rents. Each building is served by one gas boiler, with heat paid by the owner. Every apartment has a separate electric hot-water heater, with electricity paid by the tenant. An excellent value-add opportunity for investors seeking strong cash-flow potential in a desirable Mamaroneck location.
Walk Metro-North RR
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