Rare opportunity to acquire a solid income-producing two-family property on North Avenue which has potential development opportunities in the future. This property is comprised of a 3 Bed/1 Bath apartment on the first floor and a 6 bedroom/2 Bath Duplex apartment on floors 2 and 3. The walk-out basement contains a fairly new boiler, hot water heater, oil tank, gas, and electric meters as well as ample storage space. The side alley leads to a side entrance and to a level back yard. The apartments are well maintained and fully leased. In addition to this property being a low maintenance income-producing asset, the lot, along with the neighboring lot, may allow for a future mixed-use development with additional stories above the allowable height possible by utilizing DOZ-5 zoning variances (please verify allowable uses with the New Rochelle Building and Zoning Department). This is a unique offering in a vibrant and growing part of New Rochelle.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
