25 Fremont St Harrison, NY 10528

This fully leased triplex is located in Harrison. The property generates a cap rate of 7%+, with potential for increased value. The current monthly rent roll totals $12,655, with annual expenses of $37,221, resulting in a net operating income of $114,639. The unit breakdown is as follows: a four-bedroom, one-bathroom unit renting for $4,450 per month; a three-bedroom, one-bathroom unit renting for $4,300 per month; and a two-bedroom, two-bathroom unit renting for $3,905 per month. All tenants are responsible for paying their own electric and gas bills, with the exception of the two-bedroom unit, where the landlord covers utilities. Each unit is equipped with in-unit laundry. A large two-car garage is present on the property, which is not currently used by tenants, presenting an opportunity to add $750 to $1,000 per month in storage income. Rents may be below market value and can be raised over time as leases roll over. The property is located on a quiet dead-end street with proximity to Metro-North, shops, and schools.