6 Snowden Avenue Unit #4, Ossining, NY 10562

Property Description

Exceptional Investment Opportunity – Fully Renovated 3-Family Property in Ossining Rare opportunity to acquire a fully renovated and well-maintained 3-family income-producing property in Ossining, offering a flexible configuration, strong rental income, and attractive owner-occupant potential. Property Configuration 1. 4 Snowden Separate, standalone building Can function as a small single-family residence (SFH) Current rent: $3,000/month 2. 1st Floor – 6 Snowden 1-bedroom apartment Current rent: $1,934/month 3. 2nd Floor – 6 Snowden 3-bedroom apartment + 1 additional room Current rent: $2,500/month Current rent is below estimated market rent, providing potential for future rental upside Financial Highlights Current Gross Annual Rental Income: $89,206 Property Taxes: $12,260/year Tenant-Paid Utilities: Tenants pay their own heat and gas Owner-Paid Utilities: Water only Potential Rental Upside: 2nd-floor unit is currently rented below market Property Highlights Fully renovated in 2018 Well-maintained throughout Flexible 3-family configuration Separate standalone building at 4 Snowden provides additional flexibility Strong rental income with potential for further rent growth Convenient setup for an owner-occupant/investor, allowing the owner to live in the standalone 4 Snowden building while renting the two units at 6 Snowden Attractive opportunity for investors seeking a property with both current cash flow and potential upside Owner-Occupant Opportunity The property's unique configuration makes it particularly attractive to an owner-occupant. The owner can live in the separate 4 Snowden single-family residence while generating rental income from the two apartments at 6 Snowden, providing both residential flexibility and investment income.