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 $2,3761B $1,4402A $1,0422B $1,9103A $1,9803B $2,093Parking and basement storage rental - $675Total monthly income - $11,515Total annual income - $138,180Expenses,Taxes - $23,000 Insurance - $7,000 Con Ed, water and fuel ~ $1,200/monthTotal annual expenses - $44,440NOI - $93,740Cap rate - 7.5%
Listing By
Agency Name: Home Sweet Home Properties
Agency Contact: 914-777-5900
Shown By
Agency Title: Four Seasons Real Estate Center
Agency Phone:
6163 Horton Avenue | MLS# 937797
This commercial property located at 6163 Horton Avenue, New Rochelle, NY 10801 is currently listed for sale with an asking price of $1,250,000. Horton Avenue is located within the New Rochelle school district. Search New Rochelle real estate on www.fsrec.com today.