Welcome To 39 Terrace Avenue, A Well-maintained And Versatile Three-family Property Nestled On A 0.20-acre Lot In The Vibrant Village Of Ossining. With A Total Of 2, 380 Square Feet Across Three Distinct Residential Units—including A Detached Rear Cottage—this Offering Is Perfect For Primary Residency And Investors Seeking Strong Income Potential And Long-term Upside. **unit 1 – First Floor (3br/1ba):** This Spacious 3-bedroom Apartment Occupies The Entire First Floor Of The Main House (excluding Entrance/stairs For Unit#2) And Features Dual Entry Points—from The Charming Front Porch Or The Rear Entry Through A Screened-in Porch/storage Area. The Layout Includes An Eat-in Kitchen, Cozy Living Room, And Three Well-proportioned Bedrooms. Currently Occupied By A Section 8 Tenant Contributing $2, 250 And An Additional $150 Directly, This Tenant Has Expressed A Willingness To Increase Total Rent To $2, 750/month, With The Expectation That Section 8 Will Approve The Voucher Increase. **unit 2 – Second Floor + Attic (4br/2ba):** The Second And Third Floors Combine Into A Larger 4-bedroom, 2-bath Duplex, Offering Generous Living Space, A Modern Eat-in Kitchen, And A Primary Suite Occupying The Finished Attic Level. Currently Leased For $2, 700/month, This Unit Is Under Market Value And Is Expected To Command Up To $4, 000/month Based On Current Comps. **unit 3 – Detached Rear Cottage (1br/1ba):** Tucked Privately At The Back Of The Lot Is A Charming Standalone Cottage** With Its Own Driveway, Entryway, And Utilities. The Cottage Tenant Pays All Utilities Directly And Is Currently Renting At $1, 750/month* **utilities & Expenses:** - Oil Heat & Water** For The Main House Are Paid By The Landlord. - Tenants Pay Electric And Gas Separately, With Three Electric And Gas Meters In Place. - The Cottage Is Fully Independent With All Utility Responsibilities Handled By The Tenant. Occupancy Flexibility: The Front Tenants Have Been Issued 90-day Notice Letters And Can Be Delivered Vacant At Closing. However, Each Tenant Has Expressed An Interest In Staying If The New Owner Prefers A Turnkey Investment With Stable, Long-term Renters. Additional Highlights: - Off-street Parking For Multiple Vehicles - Large Unfinished Basement For Storage &/or Additional Opportunity - Located Near Public Transportation, Shops, And Schools - Zoned And Configured As A Legal 3-family Home - Projected Pro Forma Rents Of $8, 750/month-$9, 500 When Brought To Market Value Whether You're Looking To Owner-occupy, Hold As A High-yield Rental, Or Reposition For Higher Income, 39 Terrace Avenue Presents A Rare Opportunity To Acquire A Fully Detached Triplex In A Desirable Westchester County Location.