Welcome to 83 Drake Avenue, one of the only 3-Family Homes available in New Rochelle! Potential 7-CAP! Collect income immediately with all units currently rented with long standing tenants, on month-to-month leases, allowing great opportunity for either an Investor, or Homeowner, having flexibility to choose your desired unit to live in and collect income from the others! This well maintained 4-Bedroom, 3.5 Bath, Legal 3-Family home, with detached 2-Car Garage and Driveway Parking (fitting additional 2-vehicles), is in a prime location of New Rochelle, located on a corner lot, with a short distance to both New Rochelle and Pelham Train Stations, 95 Thruway, Major Bus Stops and Dining! Annual Gross Potential Revenue of 85K with all spaces rented. Front entrance of home is a newly renovated duplex unit, hosting a spacious living room, home office, dining area, kitchen, half-bath with washer/dryer, and access to private backyard space, on the first floor. Second floor consists of 2-Bedrooms, bonus room, additional home office, massive walk-in closet, full-bath, and attic storage. The other two units are accessed from the side of the home, with both hosting 1-Bed/1-Full Bath, eat-in kitchen, and living area. Additional revenue opportunity from the large 2-car garage and spacious basement with plenty of storage. With limited homes of its kind, an opportunity like this truly does not come around often!