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Multi Family 2-4 in Westchester County
MLS Number1037417
Address124 Pelham Street, Mamaroneck, NY 10543 show map
Price$1,100,000 show mortgage calculator
Acres0.1113406795225
Year Built1900
Est. Sq. Footage0
Elementary SchoolMamaroneck Avenue
Jr High-Middle SchoolHommocks School
High SchoolMamaroneck High School
Estimated Taxes$15,607
Total Apt Units3
Total Bedrooms5
# 1 Brs1
# 2 Brs2

Open House This Weekend

Aug 20th 12:00pm - 2:00pm

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Remarks

For the first time in 50 years, this well-maintained three-family home is ready for its next owner. Lovingly cared for by the same family for five decades, the property has been maintained with pride and offers the kind of turnkey setup that makes investing easy. All three apartments are fully rented, with leases already in place and a combined monthly rent of $7,150. The first and second-floor units each offer 2 bedrooms and 1 full bathroom, while the third unit is configured as a 1-bedroom but is being utilized as a 2-bedroom. One of the best features of the property is that every unit has its own private outdoor terrace, giving tenants something that is hard to find in a multifamily rental. Unit 1 and Unit 2 each have their own washer and dryer, while Unit 3 has washer/dryer hookups. Recent improvements include new windows throughout the entire home, a brand-new above-ground oil tank, a three-year-old hot water tank, and new garage doors. There is also a detached garage, offering additional storage or future income potential. And then there’s the location. Just half a mile from the Mamaroneck Metro-North station and Mamaroneck Avenue, tenants have easy access to transportation, restaurants, shops, and everything downtown Mamaroneck has to offer. With strong rental income, separate outdoor spaces for each apartment, long-term ownership history, recent updates, a detached garage, and tenants already in place, this is a property that is truly set up to cash flow from day one.

Amenities

Balcony/Terrace, Eat-in Kitchen, Garage, Porch

This listing is Courtesy of Julia B Fee Sothebys Int. Rlty (914-834-0270).

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