25 Fremont Street, Harrison, NY 10528
- $1,599,000
- 9
- BD
- 4
- BA
- List Price
- $1,599,000
- Days on Market
- 1
- MLS#
- 1027388
- Status
- ACTIVE
- Property Type
- Triplex
- Style
- Colonial, Contemporary
- Year Built
- 1928
- Property Tax
- $20,959
- Neighborhood
- Harrison
- School District
- Harrison
- High School
- Harrison High School
- Jr. High
- Louis M Klein Middle School
- Elementary School
- Parsons Memorial
Property Description
Fully leased triplex in the heart of Harrison generating around a 7% 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: 4BR/1BA: $4,950/month 3BR/1BA: $4,300/month 2BR/2BA: $3,700/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). 1st floor 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 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 10 years old.
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Additional Information
- Bedrooms
- 9
- Bathrooms
- 4
- Full Baths
- 4
- Acres
- 0.13
- Parking
- Driveway, Garage
- Basement
- None
- Laundry
- In Unit
- Heating
- Baseboard, Oil
- Cooling
- Multi Units, Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Michelle Madaffari (michellemadaffarihomes@gmail.com) from Listing Office: Houlihan Lawrence Inc..
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.