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Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 1,399,000

Est. payment -/mo

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Price Dropped by $96K

124 Center AVE Mamaroneck, NY 10543

4,791 Sqft Lot

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1011135

Style Flats

Rental Info No

Year Built 1892

Annual Tax Amount $25,900

Lot Size 4,791 Sqft

Acres 0.11

Property Sub-Type Multi Family

Source onekey2

Property Description

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.

Location

State NY

County Westchester County

Rooms

Basement Bilco Door(s), Unfinished

Interior

Heating Hot Water, Natural Gas

Cooling None

Flooring Combination

Fireplace No

Exterior

Parking Features Off Street, Shared Driveway

Utilities Available See Remarks

Total Parking Spaces 6

Building

Lot Description Near Public Transit, Near School, Near Shops

Story 2

Sewer Public Sewer

Water Public

Structure Type Vinyl Siding

Schools

Elementary Schools Mamaroneck Avenue

Middle Schools Hommocks School

High Schools Mamaroneck

School District Mamaroneck

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Spadaro Real Estate, Ltd. • Lawrence Duignan

Dwell Snap Team

Agent | License ID: 10401320877

+1(860) 306-9136

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