Fully leased triplex in Harrison generating a solid 7 cap rate, with immediate value add upside.
| Website: | https://www.nestseekers.com/4619197 |
|---|---|
| Address: | Harrison, NY 10528 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 9 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.1 Acres |
Financials
Description
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.)
Amenities
- Electricity Connected
- First Floor Bedroom
- First Floor Full Bath
- Formal Dining
- High Speed Internet
- Natural Gas Connected
- Sewer Connected
- Trash Collection Public
- Water Connected
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 Fax: +1 212-252-9347 | |
| Listing Courtesy of Keller Williams Hudson Valley | |