658 Mamaroneck Ave, Mamaroneck, NY 10542 – Prime Investment Opportunity, 6 Unit Multi Family

Seize the chance to own a highly desirable cash-flowing multifamily property on vibrant Mamaroneck Avenue, just 0.2 miles from the Mamaroneck Train Station, offering unmatched commuter convenience.

This 7,460 sq. ft., three-story building sits on a 0.11-acre lot and features six fully occupied, 2-bedroom railroad-style apartments, making it a robust addition to any investor’s portfolio. Key highlights include:

Stable Tenant Base: Five rent-stabilized units and one Section 8 tenancy.

Renovation Upgrades: Major updates completed over the past two years ensure a well-maintained, move-in-ready property.

Efficient Operations: Separately metered units provide utility cost control for tenants.

With a Gross Operating Income of $169,200 +/- and a Net Operating Income of $131,859 +/-, this property offers strong, consistent returns with a 7.52% asking cap rate.

Perfectly positioned near bustling shops, dining, and transit, this property combines location appeal with investment stability. Don’t miss this outstanding opportunity!