Fully leased triplex in the heart of Harrison generating around a 7 cap rate, with immediate value add upside.
Harrison, NY 10528
Listing
| Web ID: | 5686045 |
|---|---|
| Website: | https://www.nestseekers.com/5686045 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 9 BR |
| Bathrooms: | 4 |
| Lot Size: | 0.1 Acres |
Financials
Price:$1,599,000
Annual Taxes:$20,959
Description
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.
Amenities
- Cable - Available
- Corner Lot
- Cul-De-Sac
- Electricity Available
- Electricity Connected
- First Floor Bedroom
- First Floor Full Bath
- Landscaped
- Natural Gas Available
- Natural Gas Connected
- Near Public Transit
- Near Shops
- Neighborhood
- Phone Available
- Screens
- Sewer Available
- Sewer Connected
- Sloped
- Smoke Detectors
- Trash Collection Public
- Trees/Woods
- Water Available
- Water Connected
Contact
Listing Courtesy of Houlihan Lawrence Inc.
