Nest Seekers

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

Bridgehampton, NY
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Phone: +1 631-353-3427
Fax: +1 631-614-7858
hamptonsinfo@nestseekers.com
Listing Courtesy of Houlihan Lawrence Inc.
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