Exceptional Investment Opportunity Legal 4 Family Property with Two Separate Buildings Rare opportunity to own a legal 4 family property consisting of two separate buildings, offering flexible use, strong rental ...
Ossining, NY 10562
Listing
| Web ID: | 5775607 |
|---|---|
| Website: | https://www.nestseekers.com/5775607 |
Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 9 BR |
| Bathrooms: | 5 |
| Lot Size: | 0.2 Acres |
Financials
Price:$1,099,000
Annual Taxes:$22,714
Description
Exceptional Investment Opportunity – Legal 4-Family Property with Two Separate Buildings
Rare opportunity to own a legal 4-family property consisting of two separate buildings, offering flexible use, strong rental income, and significant owner-occupant potential.
Property Configuration
Left Building
2-bedroom residence, currently rented for $2,600/month
Can be used as a 3-bedroom
Separate building provides the flexibility to use as a single-family residence (SFH)
Right Building
Studio: $2,000/month
2-bedroom apartment – 2nd Floor: $2,050/month
2-bedroom apartment – Rear: $2,050/month
Financial Highlights
Current Gross Rental Income: $8,700/month
Current Gross Annual Income: $104,400
Property Taxes: $22,714/year
Current rents are below market, providing potential for future rental growth
Two-building configuration provides exceptional flexibility for investors and owner-occupants
Property Highlights
Legal 4-family property
Two separate buildings
One building can function as a standalone single-family residence
Flexible layouts with rental upside
Strong current rental income, and tenants pay all their own utilities.
Attractive owner-occupant opportunity: live in one building while generating rental income from the other
Excellent opportunity for investors seeking both current cash flow and future rent growth
Amenities
- Cable - Available
- Electricity Available
- First Floor Bedroom
- First Floor Full Bath
- Natural Gas Available
Contact
Listing Courtesy of Realmart Realty LLC