Buy with Yoreevo
$786,560
List Price: $798,000
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140 Terrace Avenue
House in Port Chester •  building info
studio • 1,924ft² $415 per ft²
Buy with Yoreevo

$786,560

List Price

$798,000

Key Details
Days on market
38
Last price change
loading...
Estimated payment
$5,874/mo
Taxes
$1,568/mo
Maintenance
N/A
Description
Prime Mixed-Use Investment Opportunity in the Heart of Port Chester This well-located mixed-use building only 5 minutes away from Greenwich CT. features two fully occupied residential units generating strong, consistent rental income, with current rents below market value—providing immediate upside potential through future increases. The property also includes a highly versatile ground-floor commercial space offering additional revenue. Formerly a vibrant Italian social club venue, the space is currently operated as a rentable venue for private parties, meetings, and small events. It produces steady supplemental income and represents a valuable built-in revenue stream for investors or owner-users. Notably, most of the bookings have been generated through word-of-mouth alone, with little to no formal advertising. This creates a clear opportunity for growth—by implementing simple marketing strategies such as social media promotion or exterior signage, a new owner could significantly increase visibility, bookings, and overall return on investment. The commercial space features a large open floor plan, kitchen, and half bath—ideal for events or easily adaptable for a wide range of uses, including professional office, medical or wellness space, service-based businesses, catering operations, or personal services. Additionally, there is potential to convert the space to residential use (subject to approvals), offering even greater flexibility and long-term value. With below-market residential rents, an income-producing commercial component, and multiple value-add opportunities through repositioning and marketing, this property presents substantial upside and a compelling investment opportunity.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$798,000
Asking Price: $798,000
Term
30 Years
Down Payment
$79,000 (10%)
Min: 10% (79,000)
Rate
6.0 %
Mortgage Amount
$718,200
Mortgage Payment
$4,306
Taxes
$1,568
Estimated Yoreevo rebate
$11,440
Estimated closing cost
$24,000
Total monthly cost $5,874
Buy your dream home with us and get an estimated
$11,440 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of E Realty International Corp

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