Buy with Yoreevo
$1,080,750
List Price: $1,100,000
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124 Pelham Street

House in Mamaroneck •  building info
5bd • 3ba • 4,850ft² $227 per ft²
Buy with Yoreevo

$1,080,750

List Price

$1,100,000

Key Details
Day on market
1
Last price change
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Estimated payment
$7,237/mo
Taxes
$1,301/mo
Maintenance
N/A
Description
For the first time in 50 years, this well-maintained three-family home is ready for its next owner. Lovingly cared for by the same family for five decades, the property has been maintained with pride and offers the kind of turnkey setup that makes investing easy. All three apartments are fully rented, with leases already in place and a combined monthly rent of $7,150. The first and second-floor units each offer 2 bedrooms and 1 full bathroom, while the third unit is configured as a 1-bedroom but is being utilized as a 2-bedroom. One of the best features of the property is that every unit has its own private outdoor terrace, giving tenants something that is hard to find in a multifamily rental. Unit 1 and Unit 2 each have their own washer and dryer, while Unit 3 has washer/dryer hookups. Recent improvements include new windows throughout the entire home, a brand-new above-ground oil tank, a three-year-old hot water tank, and new garage doors. There is also a detached garage, offering additional storage or future income potential. And then there's the location. Just half a mile from the Mamaroneck Metro-North station and Mamaroneck Avenue, tenants have easy access to transportation, restaurants, shops, and everything downtown Mamaroneck has to offer. With strong rental income, separate outdoor spaces for each apartment, long-term ownership history, recent updates, a detached garage, and tenants already in place, this is a property that is truly set up to cash flow from day one.

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Building info

History
What it'll cost
Purchase price
$1,100,000
Asking Price: $1,100,000
Term
30 Years
Down Payment
$110,000 (10%)
Min: 10% (110,000)
Rate
6.0 %
Mortgage Amount
$990,000
Mortgage Payment
$5,936
Taxes
$1,301
Estimated Yoreevo rebate
$19,250
Estimated closing cost
$41,000
Total monthly cost $7,237
Buy your dream home with us and get an estimated
$19,250 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Julia B Fee Sothebys Int. Rlty

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