About
this home
this home
Laundry Room
Hardwood Floors
Corner Lot
Cul-de-Sac
Public Sewer
Landscaped
Near Public Transit
Sloped
Garage
Public Water Source
Cable Available
Electricity Available
Electricity Connected
Natural Gas Available
Natural Gas Connected
Phone Available
Sewer Available
Sewer Connected
Water Available
Water Connected
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.
Other
Details
Details
Property Type
--
Square Footage
0
Year Built
1928
Floor Number
--
Parking
No
Terrace
No
Listing Courtesy of
Houlihan Lawrence Inc.
MLS ID
KEY425989181
Source


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