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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

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 Realmart Realty LLC
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