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Income Generating Property in Tough Economic Times.

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44 Fifth Ave

New Rochelle, NY 10801

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$555,000 $2,316*
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Contact this seller Multiple Family Home 6 2 full baths
2 half baths 2656 1988 Westchester JTT5179



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Highlights and Description

  • On the MLS! MLS ID: 2919542
  • 6 bedrooms
  • 2 full bathrooms
  • 2 half bathrooms
  • Colonial style construction
  • 2 stories
  • Built in 1988
  • Property is on .17 acre
  • Standard Gas heating system
  • City provided sewer/wastewater
  • 2-car Garage (attached)
  • Part of the New Rochelle school district
  • $12,550 estimated taxes (yearly)
Spacious, move-in duplex, nice lay-out and priced to sell. Private and quiet setting. Each unit has an open livingroom with bay windows and a coat closet, large eat-in kitchen that has been recently updated with new tile flooring and back splashes, as well as new cabinets and counter tops. There is a Half bathroom located in each unit on the first floor, 3 bedrooms each with ample closet space, and a full bathroom located on the second floor with new floor tiles, sink cabinets, and a full-sized tub/shower unit.

New exterior front porch light fixtures and new front doors. Groomed garden areas. New Perimeter fencing.

2 car garage that can comfortable fit 2 vehicles as well as some storage. There are also 2 parking spots located directly behind the house.

This is an ideal INCOME GENERATING property. Average monthly rental income was approximately $5000 from previous groups of tenants.Live in one unit and rent the other to assist in paying the mortgage.

Right around the corner from shops, bus stop, eateries. Less than 1-mile to the New Rochelle train station and I-95. Approximately 6 blocks to IONA college. Private driveway.

Property taxes have been reduced as of August 1, 2009 in the amount of $6,750 from $19,300 down to $12,550.

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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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