Multi Family 2-4 in Westchester County
| MLS Number | 1027388 |
|---|---|
| Address | 25 Fremont Street, Harrison, NY 10528 show map |
| Price | $1,599,000 show mortgage calculator |
| Acres | 0.1342056932966 |
| 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 the heart of Harrison generating around a 7% cap rate, with immediate value-add upside. Current monthly rent roll totals $12,950 with low annual expenses of $35,757, producing a net operating income of $153,808. Unit Breakdown: 4BR/1BA: $4,950/month 3BR/1BA: $4,300/month 2BR/2BA: $3,700/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). 1st floor 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 at the end of a quiet no outlet street with a short commute to Metro-North, shops, and Harrison schools. This property offers long-term rental stability in an extremely desirable area! Fully occupied, and primed for even stronger future returns. New above ground 330 gallon oil tank, roof is 10 years old.
Garage, Walk Metro-North RR
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