18 Terrace Avenue

GREAT INVESTMENT OPPORTUNITY 4,000 Sq. Ft.+ 800 Sq. Ft. Basement. 5-Multi Family in RM1.5 Zoning, Class 411 in great sought-after rent district, White Plains population 58,013. FULLY RENTED with leases; 5-2 BR units; Balcony/porch. FLOOR PLANS in photos/video. Tenants pay gas, electric, cable. Owners pay heat & water. 5 Gas Meters, 5 Electric Meters, Coin operated Laundry. Within walking distance to city, shops, bus, train (37 minutes NYC), parks, recreation, close to highways. New electrical service 2013; 2- 275 gal. above ground oil tanks, Roof 2007. GOI:$103,200, NOI:$53,545; Cap Rate of 5.49%@$975,000l;higher with increased rents. Municipal parking lots/permits within walking distance. Proof of funds or preapproval are required PRIOR to all appointments; one unit can be shown. Showings: 24 hour notice, 10-6 p.m. Monday thru Friday> 11-1:00 p.m. Saturdays> No Sundays except exteriors. Please do not speak with any tenants. Detailed P & L is available at owner's discretion.