25 Fremont Street, Harrison, NY, 10528
$1,600,000
Multi Family
For Sale
9 Beds
, 4 Full Bath
Details
ML#: 863987
- Style: Colonial, Contemporary
- # of Families: 3
- Year Built: 1928
- Taxes: $20,959
- Status:Active
Description
Fully leased triplex in Harrison generating a solid 7%+ cap rate, with immediate value-add upside. Current monthly rent roll totals $12, 655 with low annual expenses of $37, 221, producing a net operating income of $114, 639. Unit Breakdown:4BR/1BA: $4, 450/month3BR/1BA: $4, 300/month2BR/2BA: $3, 905/monthAll tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). Each 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 on a quiet dead-end street with a short commute to Metro-North, shops, and top-rated schools, this property offers long-term rental stability in a high-demand Westchester market.Fully occupied, cash flowing, and primed for even stronger returns.(Photos and floorplan are of the top floor 4 bedroom unit. It is currently fully rented.)
More Property Details
Bedroom: 9
Full Bath: 4
Lot Size: 0.13
Lot Sq Ft: 5663
Garage: Yes
Garage: 2.0
Parking Spaces: Yes
Parking Facilities: Attached, Driveway, On Street
Heat: Oil
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $20,959
School District: Parsons Memorial
Listing Information provided courtesy of
Keller Williams Hudson Valley
845-639-0300