556 Westchester Ave, Port Chester, NY 10573

Description

Two-Family Investment Opportunity – RYE BROOK property at PORT CHESTER prices!!

This beautifully maintained two-family home in the highly desirable Rye Brook area offers a rare opportunity for both investors and owner-occupants. Currently generating over $5,200/month in rental income, with rents still below market value. This property presents immediate upside potential. A standout feature is the finished, currently VACANT walk-out basement, previously used as an in-law suite. The First floor tenants have just purchased a new home and will be moving out within the month.This space offers excellent flexibility and can be combined with the first-floor unit to achieve an estimated rental income of $4,200+ per month.The home features two well-appointed residential units, each with in-unit washer and dryer and hardwood floors throughout. The second-floor unit includes carpeting for added sound insulation.

Highlights include:

Strong Income + Value-Add Potential: Consistent cash flow with room for rent growth
Flexible Layout: Ideal for investors, owner-occupants, or multi-generational living
Prime Location: Quiet, tree-lined street just minutes to Rye Ridge Shopping Center, downtown Port Chester, Rye, Greenwich, Metro-North, I-287 & I-95
Ample Parking: Off-street parking for up to 6 vehicles
Lower-Level Flex Space: Finished walk-out level with rec room, bath, and bonus room—perfect for extended living or recreation
Outdoor Appeal: Beautifully landscaped property including Shed for extra storage.This is a rare opportunity to own a versatile, income-producing property in one of Westchester’s most sought-after locations.
Don’t miss it! Residual Income , Increasing Equity and Long-Term Appreciation