Fully leased triplex in the heart of Harrison generating around a seven percent 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: four-bedroom/one-bathroom: $4,950/month three-bedroom/one-bathroom: $4,300/month two-bedroom/two-bathroom: $3,700/month All tenants pay e
Fully leased triplex in the heart of Harrison generating around a seven percent 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: four-bedroom/one-bathroom: $4,950/month three-bedroom/one-bathroom: $4,300/month two-bedroom/two-bathroom: $3,700/month All tenants pay electric and gas (except for the two-bedroom unit, where the landlord covers utilities). First floor unit includes in-unit laundry. A large two-car garage, not currently used by tenants, offers a clear opportunity to add $750 to $1,000/month in storage income, increasing the cap rate to nearly eight percent. 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 ten years old.
No one in New York City’s northern suburbs lists and sells more of the region’s prestigious properties than Houl
No one in New York City’s northern suburbs lists and sells more of the region’s prestigious properties than Houlihan Lawrence. Since 1888, we’ve offered unparalleled leadership in our markets by embracing innovation and building a team of talented market experts who know their communities best. Our regular participation in the area’s most significant transactions affords us a unique perspective towards marketing and selling luxury properties. Key to our success is our exclusive Private Brokerage program, dedicated global business development team and affiliations with the world’s top luxury real estate networks - a winning combination few other brokerages can offer. These extraordinary connections, combined with our personalized service, total discretion and hyper-targeted marketing, ensure we can meet the needs of discerning sellers and buyers from around the globe.
Houlihan Lawrence has branch offices with sales associates covering Westchester, Putnam and Dutchess Counties in New York and Fairfield County, Connecticut with an additional reach extending into the Bronx, upper Hudson Valley and Catskills.
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Last updated
Today
First listed
Aug 13
Listing reference
567e1fd1-9644-11f1-831f-6045bdd61ac4
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