124 Center Avenue, Mamaroneck, NY 10543
sale
$1,399,000
|
Other
Courtesy Of Spadaro Real Estate
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.
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Property Features
- Age: Over 50 Years Old
- Amenities: Basement
- Architecture Style: Other
- Building Units: 5
- Exterior Type: Vinyl Siding
- Floor Covering: Combination
- Floors: 2
- Heating System: Hot Water(Heating)
- Heating System: Natural Gas
- MLSID: 1011135
- Parking Spaces: 6
- Rooms: Basement
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