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926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
926 Lester Avenue
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Courtesy of Compass Greater NY LLC, Lindsay Rothman Listing Contact:  
$949,000

926 Lester Avenue

6 Beds 3 Baths 2,910 Sq.Ft. 5,092 Sq.Ft.

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 2-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 in-unit laundry, 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 2-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/month -- $69,600 annually -- with long-term tenants in place (approximately 20 years) at below-market rents, providing immediate, reliable cash flow with clear room to grow. At the $975,000 asking price, it produces a 4.80% 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 & 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.

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Location

926 Lester Avenue, Mamaroneck, NY 10543

Status

Coming Soon
Lindsay  Rothman

Lindsay Rothman

TITLE

Team Lead + Licensed Real Estate Salesperson

PHONE

914.500.3830

Property Amenities

Interior
Appliances Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Microwave, Range, Refrigerator, Washer
Total Bedrooms: 6
Half Bathrooms: 1
Full Bathrooms: 2
Other Interior Features Eat-in Kitchen
Area & Lot
Total area 2,910 Sq.Ft.
Lot Area 5,092 Sq.Ft.
Living area 2,910 Sq.Ft.
MLS® ID 1014782
Year Built 1960
School District Mamaroneck
High School Mamaroneck High School
Middle School Hommocks School
Elementary School Mamaroneck Avenue
Architecture Styles Cape Cod
Type Residential
Status Coming Soon
Exterior
Air conditioning Wall/Window Unit(s)
Heat type Baseboard
Water Source Public
Garage Space 1.0
Sewer Public Sewer
Parking Attached
Utilities Trash Collection Public
Finance
Sales Price $949,000
Real Estate Tax $17,186 yearly

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Westchester County

41.1220° N, 73.7949° W

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