Fully leased triplex in Harrison generating a solid 7 cap rate, with immediate value add upside.


Property

Website:https://www.nestseekers.com/4619197
Address:
Harrison, NY 10528
Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,600,000
Annual Taxes:$20,959

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Hudson Valley