538, 540 and 542 East 3rd Street is being sold as a bulk package and consists of 2 multi family buildings and a parking lot with 7 apartments and 1 office. All the units are rented out with most being fully renovated within the past year. The portfolio consists of 2 buildings and 1 parking lot on 3 tax lots totaling 0.25 acres. 538 East 3rd Street consists of 3x 3 bedroom apartments. 540 East 3rd Street consists of a parking lot that is being rented out in its entirety. 542 East 3rd street consists of 3x 3 bedrooms apartments, 1x 1 bedroom apartment and 1 office. Each tenant pays for their own heat and hot water and their units are all separately metered. This is a great value add opportunity as the average rents are over 20% below market. This is also a great opportunity for an end user to live in one of the apartments while the rental income pays for all the operating expenses and mortgage. Walking distance to the Pelham downtown shopping district, Metro North station and bus stops, this portfolio is in a walkers paradise.
This property is not currently displayed as for sale or rent on Zillow. This may be different from what's on other websites or public sources.
