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...
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%
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%
