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: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Coldwell Banker® and the Coldwell Banker Logo are registered service marks owned by Coldwell Banker Real Estate LLC. C.B. Choice Properties, INC. fully supports the principles of the Fair Housing Act and the Equal Opportunity Act. Each franchise is independently owned and operated. Any services or products provided by independently owned and operated franchisees are not provided by, affiliated with or related to Coldwell Banker Real Estate LLC nor any of its affiliated companies.
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.coldwellbankerchoice.com today.