Address Withheld By Seller, Yonkers, NY 10703
Local realty services provided by:Better Homes and Gardens Real Estate Dream Properties
Address Withheld By Seller,Yonkers, NY 10703
$1,100,000
- 8 Beds
- 4 Baths
- 3,750 sq. ft.
- Multi-family
- Active
Listed by:maliki cottrell
Office:shaw properties
MLS#:895962
Source:OneKey MLS
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Price summary
- Price:$1,100,000
- Price per sq. ft.:$293.33
About this home
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!
Contact an agent
Home facts
- Year built:1918
- Listing ID #:895962
- Added:56 day(s) ago
- Updated:September 25, 2025 at 01:28 PM
Rooms and interior
- Bedrooms:8
- Total bathrooms:4
- Full bathrooms:4
- Living area:3,750 sq. ft.
Heating and cooling
- Heating:Steam
Structure and exterior
- Year built:1918
- Building area:3,750 sq. ft.
Schools
- High school:Yonkers
- Middle school:Yonkers
- Elementary school:Yonkers
Utilities
- Water:Public, Water Available
- Sewer:Public Sewer, Sewer Available
Finances and disclosures
- Price:$1,100,000
- Price per sq. ft.:$293.33
- Tax amount:$13,500 (2023)
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