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.
8 days
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653
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18
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Zillow last checked:
Listing updated:
Listed by:
Houlihan Lawrence Inc.914-591-2700,
Michelle Madaffari914-424-6793
Source: OneKey® MLS as distributed by MLS GRID,MLS#: 1027388
Facts & features
Interior
Bedrooms & bathrooms
Bedrooms: 9
Bathrooms: 4
Full bathrooms: 4
Heating
Baseboard, Oil
Cooling
Multi Units, Wall/Window Unit(s)
Appliances
Laundry: In Unit
Features
First Floor Bedroom, First Floor Full Bath
Flooring: Carpet, Hardwood
Windows: Screens
Basement: None
Attic: Stairs,Walkup
Has fireplace: No
Interior area
Total structure area: 3,415
Total interior livable area: 3,415 sqft
Property
Parking
Total spaces: 6
Parking features: Driveway, Garage
Garage spaces: 2
Has uncovered spaces: Yes
Features
Has view: Yes
View description: Neighborhood, Trees/Woods
Lot
Size: 5,846 Square Feet
Features: Corner Lot, Cul-De-Sac, Landscaped, Near Public Transit, Near Shops, Sloped
Details
Parcel number: 2801000043000000000008
Special conditions: None
Other equipment: Fuel Tank(s)
Construction
Type & style
Home type: MultiFamily
Architectural style: Colonial,Contemporary
Property subtype: Triplex, Multi Family
Materials
Frame, Stone, Stucco
Foundation: Stone
Condition
Actual
Year built: 1928
Utilities & green energy
Gas: Separate Gas Meters: 3
Sewer: Public Sewer
Water: Public
Utilities for property: Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Source: OneKey® MLS as distributed by MLS GRID. This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.