Listing Courtesy of: Matthew Warbet - Keller Williams Hudson Valley
845-639-0300
$1,600,000
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25 Fremont St Harrison, NY 10528
Triplex
Residence
9
Beds
4
Baths
...
Bed/Bath
3,415
Sq. Ft.
Property Activity
Time on Site
days
Days on Market
Views
Saves
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: $3,90...5/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 roll over. Located on a quiet dead-end street with a short commute to Metro-North, shops, and top-rated schools, this property offers long-term rental stability in a high-demand Westchester market. Fully occupied, cash flowing, and primed for even stronger returns. (Photos and floorplan are of the top floor 4 bedroom unit. It is currently fully rented.)
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MLS#
863987
Property Type
Triplex
Bedrooms
9
Bathrooms
4 Full
Year Built
1928
Square Feet
3,415
sq. ft
Sewer
Public Sewer
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