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$1,600,000
9 Beds
- 4 Baths
4 full baths
3,415sqft
25 Fremont St, Harrison, NY 10528
$1,600,000
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Triplex
Built in 1928
$-- HOA
5,663 sqft lot
$469/sq.ft
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/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 ...
Property Details
Status
Active
Type
Multi Family
No. of Stories
-
County
City
Neighborhood
--
Year Built
1928
HOA Fees
-
Finished Area
3,415 sqft
Lot Size
5,663 sqft lot
Basement Area
- sqft
MLS Name
OneKey MLS
MLS Number
863987
MLS Status
Active
Days on Market
162
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