Property
| Ownership: | For Sale |
|---|---|
| Type: | Duplex |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of Compass Greater NY LLC
Exceptional investment opportunity in the heart of Mamaroneck.



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.
Amenities
- First Floor Bedroom
- First Floor Full Bath
- Master Downstairs
- Storage
- Trash Collection Public
- Washer/Dryer Hookup

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.