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Yonkers,NY 10703
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 895962
Style Other
Bedrooms 8
Full Baths 4
Rental Info No
Year Built 1918
Annual Tax Amount $13,500
Property Sub-Type Triplex
Source onekey2
Property Description
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!
Location
State NY
County Westchester County
Rooms
Basement Full,Partially Finished,Walk-Out Access
Interior
Interior Features First Floor Bedroom,First Floor Full Bath,Eat-in Kitchen,Entrance Foyer,Galley Type Kitchen,Pantry,Washer/Dryer Hookup
Heating Steam
Cooling None
Flooring Hardwood,Laminate
Fireplace No
Exterior
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected,Sewer Available,Sewer Connected,Trash Collection Public,Water Available,Water Connected
Total Parking Spaces 4
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Yonkers
Middle Schools Yonkers
High Schools Yonkers
School District Yonkers
Others
Senior Community No
Special Listing Condition None