114-116 Ferris Avenue
Property Description
Fantastic mixed-use investment opportunity in White Plains! This well-maintained property features two fully renovated 2-bedroom apartments plus a leased retail storefront, near I-287, the Bronx River Parkway, and just 0.4 miles from the White Plains Metro-North Station (under 35 minutes to NYC!). The 2nd floor unit is currently leased at $2,800/month through February 2027, and landlord covers heat for the entire property. The 1st floor unit is fully renovated and vacant which is perfect for an owner-occupant or immediate lease-up. The retail storefront is leased on a 5-year term through February 2031 with annual rent escalations, and the tenant pays their own electric. On-site parking available in the rear/driveway, plus street parking for retail customers. A great opportunity for investors or an owner-user looking for rental income to help offset their mortgage. Don't miss this one!
Broker Details
C J Pagano & Sons, Inc (914) 939-1123
MLS ID: 26468 State License Number: 10301223659
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $925,000 |
| No. of Units: | 3 |
| Year Built: | 1925 |
| Opportunity Zone: | No |
| Price per unit: | $308,333 |
| Property Website | Click Here |
| Number of Bedrooms: | 4 |
| Number of Bathrooms: | 3 |
ID: 3yd-MLSLINY-1030765
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