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Yonkers, NY 10703

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For Sale

$1,100,000

8 beds • 4 baths • 3,750 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Multi-Family (2-4 Units)
    Property type

  • $293.33
    Price per square foot

  • Over 50 Years Old
    Age

  • Basement
    Rooms

Explore this Property

Massive 3-Family Brick Money-Maker + Bonus Income! Turnkey | Cash-Flowing | High-ROI Opportunity Welcome to this oversized 3-family gem sitting proudly on a spacious lot and packed with income-generating potential! This solid-brick home features a full semi-finished basement with soaring ceilings, oversized windows, a full bath, and its own private entrance/exit ideal for future conversion or additional rental income. Rental Breakdown & Income Potential: Unit 1 (Owner's Unit): 4BR / 2BA | Spacious layout | Projected FMV: $4,111/mo Unit 2A & 2B: (Two) 2BR / 1BA apartments | Current FMV: $3,058/mo each Gross Potential from Units Alone: $10,227/mo $122,724/year But that s not all. This property comes with: A rented workshop Three rented storage units Driveway parking for 3 4 cars also rentable for extra income! Each unit has its own boiler, meaning tenants pay all utilities (electric, gas, heat, hot water). The owner's only expenses are below: Taxes: $13,500/year Hallway electric: $240/year Insurance: $3,500/year Total expenses: just $17,240/year Current Rent Roll: 4BR Unit: $3,000/mo 2BR Units: $2,250/mo each Gross: $94,200/year (with under-market rents!) Net: $79,960/year | 7% CAP rate With just modest rent increases to market value, this property can net $109,384/year, pushing your CAP rate up to 10%. That s real investor math. Options Galore: Live in one unit and rent the rest Hold for cash flow Raise rents for upside Delivered vacant or occupied your choice Perfect for: Investors House hackers 1031 buyers Anyone looking for strong cash flow and long-term upside in a high-demand rental market Opportunities like this don t last. Reach out today to secure this true income-producing asset before it s gone!
MLS# 895962

Courtesy Of SHAW PROPERTIES

(914) 377-2371

Property Features

  • Age
    Over 50 Years Old
  • Architecture Style
    Other
  • Exterior Type
    Brick
  • Floor Covering
    Hardwood, Laminate
  • Heating System
    Steam
  • Rooms
    Basement

Area Map

Home seller CENTURY 21 Dawn's Gold Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 Dawn's Gold Realty

(914) 793-8800
Learn More About Us

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Monthly Payment Breakdown

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Calculators provided for estimating purposes only. Consult with your lender to determine precise payment requirements.

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.