Great Investment Opportunity in the heart of New Rochelle! Six (6) recently renovated 2-bedroom apartments plus storage units, garage, long driveway and parking lot for 5+ cars in two (2) side-by-side Duplexes. Approximate square footage for each unit is estimated. Basement has adequate room for installation on washers and dryers/laundry room.
Rental Income (all 2 bedroom/1 bathroom units):
1A $2,376
1B $1,440
2A $1,042
2B $1,910
3A $1,980
3B $2,093
Parking and basement storage rental - $675
Total monthly income - $11,515
Total annual income - $138,180
Expenses,
Taxes - $23,000
Insurance - $7,000
Con Ed, water and fuel ~ $1,200/month
Total annual expenses - $44,440
NOI - $93,740
Cap rate - 7.5%
Property Features
Parking
Garage
Parking Lot
Cooling Information
Wall/Window Unit(s)
Heating Information
Oil
Water Features
Public
Basement
Partially Finished
School Information
School Information for 6163 Horton Avenue, New Rochelle, NY 10801
Elementary School
Trinity Elementary School
Middle School
Albert Leonard Middle School
High School
New Rochelle High School
Listing Courtesy: Home Sweet Home Properties - 914-777-5900