For sale
  • $1,600,000

    25 Fremont Street, Harrison, NY 10528

    9beds
    3,415sqft
    Triplex, Multi Family
    Built in 1928
    -- sqft lot
    $-- Zestimate®
    $469/sqft
    $-- HOA

    What's special

    Quiet dead-end streetIn-unit laundry
    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/month 3BR/1BA: $4,300/month 2BR/2BA: $3,905/month All 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.)
    53 days
    on Zillow
    |
    1,119
    |
    27
    |
    • Loading
    • Loading