$1,042,500
$1,150,000
9.3%For more information regarding the value of a property, please contact us for a free consultation.
3,484 Sqft Lot
SOLD DATE : 08/01/2024
Key Details
Sold Price $1,042,500
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
MLS Listing ID H6279458
Year Built 1909
Annual Tax Amount $12,056
Lot Size 3,484 Sqft
Property Sub-Type Multi Family
Property Description
Property Overview:
Experience the ideal blend of comfort and convenience with this multi-family property located in the heart of Yonkers, NY. This well-maintained building offers a variety of rental options, suitable for diverse tenant needs. With a total of 7 apartments, the property generates a substantial rental income, with an additional opportunity to further increase revenue with a vacant unit.
Current Rental Details:
Apt #1: $975/month
Apt #2: $2,100/month
Apt #3: $2,100/month
Apt #4: Vacant (Opportunity for new rental income)
Apt #5: $930/month
Apt #6: $980/month
Apt #7: $1,150/month
Total Current Rent: $8,235/month (excluding potential income from vacant apartment)
Key Financials (2022):
Insurance: $4,770/year
Taxes (City and County): $12,056/year
City of Yonkers Water: $3,910/year
Con Edison (Heat & Electricity): $9,740/year
Highlights:
Prime location in Yonkers, NY, offering easy access to local amenities.
Diverse rental units catering to a range of tenant preferences.
Well-maintained property with consistent rental income.
Opportunity to optimize revenue with vacant unit.
Reliable investment with stable annual expenses.
Investment Potential:
This property represents a prime investment opportunity in a sought-after area. The current rental income, combined with the potential additional revenue from the vacant unit, makes it an attractive option for investors seeking stable and growing returns.
Location
State NY
County Westchester County
Interior
Heating Natural Gas
Cooling Wall/Window Unit(s)
Exterior
Parking Features On Street
Utilities Available Trash Collection Public
Building
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Yonkers Early Childhood Academy
Middle Schools Yonkers Middle School
High Schools Yonkers
School District Yonkers
Others
Special Listing Condition None
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Bought with Elite Real Estate Group 1 LLC