About 38 Madeleine Avenue
Sound investment property with tenants in place on a month to month basis. Nothing to do but take possession and collect rent! Updates in 2019 include electrical, plumbing, windows, 3 new heating units, 3 new kitchens and baths, exterior painting, and paved parking lot. Tenants in each unit pays for their own gas and electric usage, which incudes a washer and gas dryer provided for each unit. Washer and dryer usage paid by tenants. Private, off-street parking on premises. Cap rate is 5.51%. Net operating income currently $60,628
Features of 38 Madeleine Avenue
| MLS® # | 834759 |
|---|---|
| Price | $1,100,000 |
| Sold Price | $1,150,000 |
| Date Sold | May 28th, 2025 |
| Bedrooms | 8 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Square Footage | 3,172 |
| Acres | 0.09 |
| Taxes | $23,872 |
| Year Built | 1908 |
| Type | Residential Income |
| Sub-Type | Triplex |
| Status | Closed |
Community Information
| Address | 38 Madeleine Avenue |
|---|---|
| City | New Rochelle |
| County | Westchester County |
| State | NY |
| Zip Code | 10801 |
| Adult 55+ Community | No |
Amenities
| Utilities | Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected |
|---|---|
| Parking Spaces | 8 |
| Parking | Driveway, Off Street, On Street, Parking Lot, Private |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Interior | Hardwood, Vinyl |
|---|---|
| Interior Features | First Floor Bedroom, First Floor Full Bath, Entrance Foyer |
| Heating | Natural Gas |
| Cooling | None |
| Has Basement | Yes |
| Basement | Common, Full, See Remarks |
| Fireplace | No |
Exterior
| Windows | New Windows |
|---|---|
| Exterior | Aluminum Siding, Brick, Stucco |
School Information
| District | New Rochelle |
|---|---|
| Elementary | Columbus |
| Middle | Isaac E Young Middle School |
| High | New Rochelle High School |
Additional Information
| Date Listed | March 18th, 2025 |
|---|---|
| Days on Market | 22 |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | William Raveis Real Estate |
|---|