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For SaleLuxury

$1,649,000

41 days on market

1 Parker Drive

Mahopac, NY 10541

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1911

Built

Listing narrative

Description

Incredible opportunity to own one of the most well maintained 6-unit buildings in Southern Mahopac, just over the Westchester County border. Surrounded by single-family homes on a quiet, walkable street, this property offers a unique residential feel. A peaceful wraparound porch with individual entrances, along with additional private entrances, gives residents the feeling of having their own space. The building features two 1-bedroom units, three 2-bedroom units, and one 3-bedroom unit (with laundry), with each unit also having its own dedicated storage area in the basement and shed access. All six units are currently occupied—no vacancies. The building is home to amazing, TIDY, long-standing working professionals who have consistently taken GREAT care of their space. Rents have intentionally been maintained at fair rates (some below market-value) in recognition of the cleanliness, reliability, and consistency of these excellent long-term tenants, offering an investor incredible and safe stability at the current NOI ($118,907). Four of the six units have expired leases and are currently month to month, allowing for immediate rent restructuring. With operating expenses under $50,000 annually and current rental income of $166,410, this is a fantastic opportunity for an investor looking for a seamless transition into a well-maintained property with great tenants and no immediate repairs needed.

Listing agent (MLS): Katherine Bellantoni · Listing brokerage (MLS): William Raveis Real Estate

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,649,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Lot Size

0.68 acres

Year

1911

Status

For Sale

Days on Market

41

· 8% down, 7% APR, 30yr fixed
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Courtesy of William Raveis Real Estate