25 Fremont St, Harrison, NY

Name: 25 Fremont St, For Sale in Harrison - Zoocasa
Brand: Houlihan Lawrence Inc.
SKU: 1027388
Price: 1599000 USD

House

For Sale

Listed price in listed location currency (USD).

$1,599,000

946

MLS® 1027388

Overview

Key Facts

Type Triplex

Levels Residential Income

Size -

Garage Yes

Taxes $20,959

Days Active 31

Lot Size 0.1342 Acres

Approx. Age 1928

MLS® Number 1027388

Property Address: 25 Fremont St, Harrison, NY, 10528-4171

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

Description

Fully leased triplex in the heart of Harrison generating around a 7% cap rate, with immediate value-add upside. Current monthly rent roll totals $12, 950 with low annual expenses of $35, 757, producing a net operating income of $153, 808. Unit Breakdown: 4BR/1BA: $4, 950/month 3BR/1BA: $4, 300/month 2BR/2BA: $3, 700/month All tenants pay electric and gas (except for the 2BR unit, where the landlord covers utilities). 1st floor 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 at the end of a quiet no outlet street with a short commute to Metro-North, shops, and Harrison schools. This property offers long-term rental stability in an extremely desirable area! Fully occupied, and primed for even stronger future returns. New above ground 330 gallon oil tank, roof is 10 years old.

MLS® Number1027388

Laundry LevelEnsuite

Central VacNo

FireplaceNo

Acreage

Exterior

GarageYes

Approx. Age1928

BasementNone

DrivewayDriveway, Garage

Garage Spaces

HeatBaseboard, Oil

A/CMulti Units, Wall/Window Unit(s)

Extras

3 Refrigerators, 3 ranges/ovens, 3 dishwashers, washer/dryer

Map

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