Home Sweet Home Properties
Listed by Home Sweet Home Properties
$1,250,000
6163 Horton Avenue New Rochelle NY 10801
Details
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,254
Cap Rate 7.50%
NOI $93,740
Occupancy 100%
Rent Bumps No
Price per SqFt $238
Acreage 7571.000
Investment Type Stabilized
All 6 units are leased and on a month-to-month basis
Marketing description
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%
Investment highlights
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.
Listing Contacts
Home Sweet Home Properties
Listed by Home Sweet Home Properties
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$93,740.00
$7,811.67/mo
Valuation Metrics
0
DSCR
7.5%
Cap Rate
7.5%
ROI
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