Description
Whether you're an investor seeking a reliable income stream or a homeowner looking to live in one unit while renting out the others, this 4 family home plus a storage room that brings in extra $650 income presents a promising opportunity. Rent is below market value and this property could easily bring in over $100,000 per year with an 8% cap rate. The 4 separate units provide the flexibility to rent to multiple tenants, allowing you to maximize your investment. Each unit provides it's own separate entrance and features a well planned layout with multiple bedrooms, living areas, and eat in kitchen spaces, providing a comfortable living environment for residents. One of the two units on the 1st floor has the luxury of a private entrance, eat in kitchen/dining area, hardwood floors, vaulted ceilings, patio, and back yard to enjoy in the warmer months. Additional storage shed in the backyard. This property offers an excellent opportunity for generating rental income while being in close proximity to a plethora of amenities. Residents will enjoy easy access to shopping, dining, entertainment, parks, and public transportation. Commuters will appreciate the convenience of nearby bus stops, Metro North and Amtrak train stations, providing a quick commute to NYC.
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11BEDS
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0.17ACRES
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5BATHS
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01/2 BATHS
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5,106SQFT
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$196$/SQFT
School Information
Description
Whether you're an investor seeking a reliable income stream or a homeowner looking to live in one unit while renting out the others, this 4 family home plus a storage room that brings in extra $650 income presents a promising opportunity. Rent is below market value and this property could easily bring in over $100,000 per year with an 8% cap rate. The 4 separate units provide the flexibility to rent to multiple tenants, allowing you to maximize your investment. Each unit provides it's own separate entrance and features a well planned layout with multiple bedrooms, living areas, and eat in kitchen spaces, providing a comfortable living environment for residents. One of the two units on the 1st floor has the luxury of a private entrance, eat in kitchen/dining area, hardwood floors, vaulted ceilings, patio, and back yard to enjoy in the warmer months. Additional storage shed in the backyard. This property offers an excellent opportunity for generating rental income while being in close proximity to a plethora of amenities. Residents will enjoy easy access to shopping, dining, entertainment, parks, and public transportation. Commuters will appreciate the convenience of nearby bus stops, Metro North and Amtrak train stations, providing a quick commute to NYC.
© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or McAteer & Will Estates | Keller Williams Real Estate. Data last updated: 2023-12-07T00:18:42.157.