Rye Town, NY 10573

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 5 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.08 Acres

Financials

Price:$890,000
Annual Taxes:$14,666
505 Park Ave, New York, NY 10022
Listing Courtesy of Santos Realty Group, LLC

Exceptional Investment Opportunity Three Family Property in Port Chester, NY Presenting an upgraded legal three family residence at 340 Locust Avenue, offering a blend of classic charm and modern amenities.

View of front of property with brick siding

Description

Exceptional Investment Opportunity: Three-Family Property in Port Chester, NY Presenting an upgraded legal three-family residence at 340 Locust Avenue, offering a blend of classic charm and modern amenities. This property is ideal for investors seeking strong rental income or homeowners looking for an owner-occupant opportunity with supplemental revenue. Property Highlights: • Unit 1: Spacious 3-bedroom, 1-bathroom apartment featuring a large eat-in kitchen with stainless steel appliances. This ground-floor unit boasts generous living space, making it highly attractive to tenants. • Unit 2: A well-appointed 1-bedroom, 1-bathroom apartment with a cozy living area and functional kitchen. • Unit 3: A 1-bedroom, 1-bathroom unit with its own private entrance. Tenant Strength: All three units are occupied by reliable tenants with excellent rental histories, providing steady income and peace of mind for investors. Recent Upgrades & Features: • Interior Improvements: Renovated kitchens and bathrooms, plus new flooring throughout. • Newly Sealed Roof: Ensuring long-term durability and lower maintenance costs. • Submetered Units: Tenants are responsible for their own electric-utility costs, increasing efficiency. • Parking Potential: Two-car tandem driveway with additional parking opportunities in the rear of building to increase revenue. Prime Location: Walking distance to public transportation, shopping, and dining options. Property is being sold "As Is" with Tenants in place, all Tenants are month-to-month

Amenities

  • Cable - Available
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Connected
  • Phone Available
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.