Income producing, turn key 2 family for sale in Westchester NY

[Alex Langerhorst]

Two 3 bedroom apartments over 3 Garages, 2 blocks from main street Ossining. 

Currently the building is being updated with many new features, it has BRAND NEW PLUMBING, (Valves, pipes etc..) Brand new kitchen and bathrooms and updated electrical!! 

Income:

Apartment 1: 1900,-

Apartment 2: 1900,-

3 garages: about 150,- each

Net income: 4250,-

Example:

FHA loan at 3.5% down: $12,775.-
Monthly mortgage ( @ 4.5%) incl. tax interest and insurance: $2760,-
Median rent in Ossining for a 3 bedroom ($1,900,- @ Rentometer.com https://www.rentometer.com/results/7y3WWZ3cq5A ).

I assumed this mortgage from the previous owner at a 6% interest rate. My mortgage is $2750,-! 
Tenants pay for their utilities.
Monthly cash flow: $1498,- 

*2 apartments each 3 bedrooms, one bathroom, kitchen and private porch/patio.
*Hardwood floors
*Close to main street Ossining and train station (https://www.walkscore.com/score/8-yale-ave-ossining-ny-10562)
*Up-and-coming neighborhood.
*New hot water heater, new bathrooms, new kitchens, electrical is updated
*Storage units for both apartments
*Strong Ossining rental market