USANYHarrison25 Fremont St
View of front facade with stone siding, cooling unit, and stucco siding | Image 1
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$1,600,000

25 Fremont St, Harrison, NY

Real Estate

For Sale

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940
  • Key Facts
  • Description
  • Map

Key Facts

Type Triplex
Levels Residential Income
Size -
Garage Yes
Taxes $20,959
Days Active 19
Lot Size 
Approx. Age 1928
MLS® Number 863987

Property Address: 

Average square foot calculated using Size range provided by listing agent.

Description

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.)Show Description
MLS® Number863987
Laundry Level
Central VacNo
FireplaceNo
Acreage0.13
Exterior
GarageYes
Approx. Age1928
Basement
DrivewayAttached, Driveway, On Street
Garage Spaces
HeatOil
A/CWall/Window Unit(s)
Heating Fuel

Extras

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