Remarks
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%
