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.)
Property Features
Utilities
Natural Gas Available
Electricity Connected
Natural Gas Connected
Sewer Connected
Water Connected
Parking
Attached
Driveway
On Street
Cooling Information
Wall/Window Unit(s)
Heating Information
Oil
Water Features
Public
House Interior
High Speed Internet
School Information
School Information for 25 Fremont Street, Harrison, NY 10528
Elementary School
Parsons Memorial
Middle School
Louis M Klein Middle School
High School
Harrison High School
Listing Courtesy: Keller Williams Hudson Valley - 845-639-0300