Apt: 4
Ossining, NY 10562

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 6 BR
Bathrooms: 2
Lot Size: 0.1 Acres

Financials

Price:$999,000
Annual Taxes:$12,260
2415 Montauk Highway PO Box 742, Bridgehampton, NY 11932
Listing Courtesy of Realmart Realty LLC

Exceptional Investment Opportunity Fully Renovated 3 Family Property in Ossining Rare opportunity to acquire a fully renovated and well maintained 3 family income producing property in Ossining, offering a flexible ...

Description

Exceptional Investment Opportunity – Fully Renovated 3-Family Property in Ossining Rare opportunity to acquire a fully renovated and well-maintained 3-family income-producing property in Ossining, offering a flexible configuration, strong rental income, and attractive owner-occupant potential. Property Configuration 1. 4 Snowden Separate, standalone building Can function as a small single-family residence (SFH) Current rent: $3,000/month 2. 1st Floor – 6 Snowden 1-bedroom apartment Current rent: $1,934/month 3. 2nd Floor – 6 Snowden 3-bedroom apartment + 1 additional room Current rent: $2,500/month Current rent is below estimated market rent, providing potential for future rental upside Financial Highlights Current Gross Annual Rental Income: $89,206 Property Taxes: $12,260/year Tenant-Paid Utilities: Tenants pay their own heat and gas Owner-Paid Utilities: Water only Potential Rental Upside: 2nd-floor unit is currently rented below market Property Highlights Fully renovated in 2018 Well-maintained throughout Flexible 3-family configuration Separate standalone building at 4 Snowden provides additional flexibility Strong rental income with potential for further rent growth Convenient setup for an owner-occupant/investor, allowing the owner to live in the standalone 4 Snowden building while renting the two units at 6 Snowden Attractive opportunity for investors seeking a property with both current cash flow and potential upside Owner-Occupant Opportunity The property's unique configuration makes it particularly attractive to an owner-occupant. The owner can live in the separate 4 Snowden single-family residence while generating rental income from the two apartments at 6 Snowden, providing both residential flexibility and investment income.

Amenities

  • Cable - Available
  • Electricity Available
  • First Floor Bedroom
  • First Floor Full Bath
  • Natural Gas Available

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.