
6163 Horton Avenue, New Rochelle, NY, 10801
$1,250,000
$1,400,000
activeLot Size
7,571 sqft
Year Built
1900
Stories
3
Type
Commercial
Estimate. Actual payment depends on credit, lender, taxes, and insurance.
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 $2,376 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%
Listed by Renata Staroselsky, Home Sweet Home Properties
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