Yonkers NY, 10703
$1,100,000
Multi Family
For Sale
8 Beds
, 4 Full Bath
Details
ML#: 895962
- Style: Other
- # of Families: 3
- Year Built: 1918
- Taxes: $13,500
- Status:Active
Description
Massive 3-Family Brick Money-Maker + Bonus Income! Turnkey Cash-Flowing High-ROI OpportunityWelcome 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/moUnit 2A & 2B: (Two) 2BR / 1BA apartments Current FMV: $3, 058/mo eachGross Potential from Units Alone: $10, 227/mo – $122, 724/yearBut that’s not all. This property comes with:A rented workshopThree rented storage unitsDriveway 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/yearHallway electric: $240/yearInsurance: $3, 500/yearTotal expenses: just $17, 240/yearCurrent Rent Roll:4BR Unit: $3, 000/mo2BR Units: $2, 250/mo eachGross: $94, 200/year (with under-market rents!)Net: $79, 960/year 7% CAP rateWith 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 restHold for cash flowRaise rents for upsideDelivered vacant or occupied — your choicePerfect for:InvestorsHouse hackers1031 buyersAnyone looking for strong cash flow and long-term upside in a high-demand rental marketOpportunities like this don’t last. Reach out today to secure this true income-producing asset before it’s gone!
More Property Details
Bedroom: 8
Full Bath: 4
Parking Spaces: Yes
Parking Spaces: 4
Heat: Steam
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $13,500
School District#: 48
Block: 2170
Lot: 56
Listing Information provided courtesy of
Shaw Properties
914-377-2371