6 Snowden Ave #4, Ossining, NY 10562

Description

Exceptional Investment Opportunity – Fully Renovated 3-Family Property in Ossining

Rare opportunity to acquire a fully renovated and well-maintained 3-family income-producing property in Ossining, offering a flexible configuration, strong rental income, and attractive owner-occupant potential.

Property Configuration

1. 4 Snowden

Separate, standalone building
Can function as a small single-family residence (SFH)
Current rent: $3,000/month

2. 1st Floor – 6 Snowden

1-bedroom apartment
Current rent: $1,934/month

3. 2nd Floor – 6 Snowden

3-bedroom apartment + 1 additional room
Current rent: $2,500/month
Current rent is below estimated market rent, providing potential for future rental upside
Financial Highlights
Current Gross Annual Rental Income: $89,206
Property Taxes: $12,260/year
Tenant-Paid Utilities: Tenants pay their own heat and gas
Owner-Paid Utilities: Water only
Potential Rental Upside: 2nd-floor unit is currently rented below market
Property Highlights
Fully renovated in 2018
Well-maintained throughout
Flexible 3-family configuration
Separate standalone building at 4 Snowden provides additional flexibility
Strong rental income with potential for further rent growth
Convenient setup for an owner-occupant/investor, allowing the owner to live in the standalone 4 Snowden building while renting the two units at 6 Snowden
Attractive opportunity for investors seeking a property with both current cash flow and potential upside
Owner-Occupant Opportunity

The property's unique configuration makes it particularly attractive to an owner-occupant. The owner can live in the separate 4 Snowden single-family residence while generating rental income from the two apartments at 6 Snowden, providing both residential flexibility and investment income.

Part of

Building

6 Snowden Ave

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