Courtesy: Keller Williams Hudson Valley
845-639-0300
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: $3,905/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.)
Harrison is located in New York. Harrison, New York has a population of 28,635. Harrison is more family-centric than the surrounding county with 50.67% of the households containing married families with children. The county average for households married with children is 35.32%.
The median household income in Harrison, New York is $142,665. The median household income for the surrounding county is $105,387 compared to the national median of $69,021. The median age of people living in Harrison is 35.1 years.
The average high temperature in July is 83.2 degrees, with an average low temperature in January of 21.4 degrees. The average rainfall is approximately 50.3 inches per year, with 29.7 inches of snow per year.
