926 Lester Ave, Mamaroneck, NY

Name: 926 Lester Ave, For Sale in Mamaroneck - Zoocasa
Brand: Compass Greater NY LLC
SKU: 1042676
Price: 949000 USD

House

For Sale

Listed price in listed location currency (USD).

$949,000

000

MLS® 1042676

Overview

Key Facts

Type Duplex

Levels Residential Income

Size -

Garage

Taxes $17,186

Days Active 0

Lot Size 0.1169 Acres

Approx. Age 1960

MLS® Number 1042676

Property Address: 926 Lester Ave, Mamaroneck, NY, 10543-1627

Average square foot calculated using Size range provided by listing agent.

Description

Exceptional investment opportunity in the heart of Mamaroneck. Set on a quiet dead end street within walking distance of the Metro North train station, this legal two family home offers approximately 2, 900 square feet of living space and delivers steady income with real upside. Both units offer three spacious bedrooms. The first floor unit features 1.5 baths, a fireplaced living room, a large eat in kitchen with laundry in the unit, an enclosed porch, and access to the deck and yard. The second floor unit offers 1 bath, a private separate side entrance, and generous living space. A full basement and built in two car garage round out the package. Beyond the primary living space, an additional approximately 296 square feet offers strong potential to be finished and utilized for added income, an opportunity to expand the property's value and returns over time. The property currently generates $5, 800 per month, or $69, 600 annually, with longtime tenants in place (approximately 20 years) at below market rents, providing immediate, reliable cash flow with clear room to grow. At the $949, 000 asking price, it produces a 4.93% cap rate on $46, 800 of net operating income, with additional value to be unlocked through future rent adjustments and property improvements. An unbeatable commuter location. Walk to the train, downtown restaurants, shopping, and Harbor Island Park and Beach, with quick, convenient access to I-95. Collect rent as a turnkey investment, or occupy one unit and let the other help pay the mortgage. A rare offering in "the friendly village" of Mamaroneck.

MLS® Number1042676

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1960

BasementUnfinished

DrivewayAttached

Garage Spaces

HeatBaseboard

A/CWall/Window Unit(s)

Extras

Map

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