Sound investment property with tenants in place on a month to month basis. Nothing to do but take possession and collect rent! Updates in 2019 include electrical, plumbing, windows, 3 new heating units, 3 new kitchens and baths, exterior painting, and paved parking lot. Tenants in each unit pays for their own gas and electric usage, which incudes a washer and gas dryer provided for each unit. Washer and dryer usage paid by tenants. Private, off-street parking on premises. Cap rate is 5.51%. Net operating income currently $60,628
Listing Details
$1,100,000
$23,872
Active
Single Family
834759
3/27/2025
25 Day(s) Ago
Property Details
38 Madeleine Avenue
New Rochelle
NY
10801
Westchester
3,172
8
3 full
Common
Aluminum Siding
1908
Location Details
0.09 Acres
Driveway
No
No
School Details
New Rochelle
Columbus
Isaac E Young
New Rochelle
Heating, Cooling, & Utility Details
Natural Gas
Public
Public Sewer
None
Amenities
First Floor BedroomFirst Floor Full BathEntrance FoyerNew Windows