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 ...
Apt: 4
Ossining, NY 10562
Listing
| Web ID: | 5773689 |
|---|---|
| Website: | https://www.nestseekers.com/5773689 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 6 BR |
| Bathrooms: | 2 |
| Lot Size: | 0.1 Acres |
Financials
Price:$999,000
Annual Taxes:$12,260
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
Contact
Listing Courtesy of Realmart Realty LLC