Multi Family 2-4 in Westchester County
| MLS Number | 863987 |
|---|---|
| Address | 25 Fremont Street, Harrison, NY 10528 show map |
| Price | $1,600,000 show mortgage calculator |
| Acres | 0.13000459136823 |
| Year Built | 1928 |
| Est. Sq. Footage | 0 |
| Elementary School | Parsons Memorial |
| Jr High-Middle School | Louis M Klein Middle School |
| High School | Harrison High School |
| Estimated Taxes | $20,959 |
| Total Apt Units | 3 |
| Total Bedrooms | 9 |
| # 2 Brs | 1 |
| # 3 Brs | 1 |
| # 4 Brs | 1 |
Fully leased triplex in Harrison generating a solid 7%+ cap rate, with immediate value-add upside. Current monthly rent roll totals $12,655 with low annual expenses of $37,221, producing a net operating income of $114,639. Unit Breakdown: 4BR/1BA: $4,450/month 3BR/1BA: $4,300/month 2BR/2BA: $3,905/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). Each unit includes in-unit laundry. A large 2-car garage, not currently used by tenants, offers a clear opportunity to add $750–$1,000/month in storage income, increasing the cap rate to nearly 8%. Rents may also be below market value and can be raised over time as leases roll over. Located on a quiet dead-end street with a short commute to Metro-North, shops, and top-rated schools, this property offers long-term rental stability in a high-demand Westchester market. Fully occupied, cash flowing, and primed for even stronger returns. (Photos and floorplan are of the top floor 4 bedroom unit. It is currently fully rented.)
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