926 Lester AVE Mamaroneck, NY 10543
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Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Coming Soon
Purchase Type For Sale
Square Footage 2,910 sqft
Price per Sqft $326
MLS Listing ID 1014782
Style Cape Cod
Bedrooms 6
Full Baths 2
Half Baths 1
HOA Y/N No
Rental Info No
Year Built 1960
Annual Tax Amount $17,185
Lot Size 5,092 Sqft
Acres 0.1169
Property Sub-Type Single Family Residence
Source onekey2
Property Description
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.
Location
State NY
County Westchester County
Rooms
Basement Unfinished
Interior
Interior Features Eat-in Kitchen
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplaces Number 1
Fireplace Yes
Appliance Dishwasher, Dryer, ENERGY STAR Qualified Appliances, Microwave, Range, Refrigerator, Washer
Exterior
Parking Features Attached
Garage Spaces 1.0
Utilities Available Trash Collection Public
Garage true
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Mamaroneck Avenue
Middle Schools Hommocks School
High Schools Mamaroneck
School District Mamaroneck
Others
Senior Community No
Special Listing Condition None
