6163 Horton Avenue | New Rochelle
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.\n\nRental Income (all 2 bedroom/1 bathroom units):\n1A $2,376\n1B $1,440\n2A $1,042\n2B $1,910\n3A $1,980\n3B $2,093\nParking and basement storage rental - $675\nTotal monthly income - $11,515\nTotal annual income - $138,180\n\nExpenses,\nTaxes - $23,000 \nInsurance - $7,000 \nCon Ed, water and fuel ~ $1,200/month\nTotal annual expenses - $44,440\nNOI - $93,740\nCap rate - 7.5% OneKeyMLS 937797