Yonkers, NY 10701

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,249,000
Annual Taxes:$15,633
505 Park Ave, New York, NY 10022
Listing Courtesy of Realmart Realty LLC

Exceptional Investment Opportunity Fully Renovated 4 Family Corner Building in Yonkers Don't miss this rare chance to own a high yield, income producing property in a quiet corner of Yonkers.

View of a document with multiple images

View of a document with multiple images

View of a document with multiple images
Full bathroom featuring radiator, vanity, toilet, and shower / tub combination
View of a document with a collage of images
Kitchen featuring a sink, tasteful backsplash, brown cabinets, and light stone countertops
Bathroom with vanity
Laundry area with baseboards and dark wood finished floors
Unfurnished room featuring baseboards and dark wood-type flooring
Unfurnished living room featuring baseboards, healthy amount of natural light, dark wood finished floors, and radiator heating unit
Detailed view
Unfurnished room featuring dark wood finished floors
Empty room with wood finished floors, a baseboard radiator, and baseboards
Unfurnished bedroom featuring baseboards, dark wood-type flooring, a baseboard heating unit, and a closet
Bathroom featuring a baseboard heating unit, vanity, toilet, tile patterned flooring, and  shower combination
View of front facade
View of front facade
View of building exterior
View of front of home featuring a gate, covered porch, a fenced front yard, and brick siding
View of garage
View of corridor
Full bathroom featuring radiator, vanity, toilet, and shower / tub combination
View of a document with multiple imagesFull bathroom featuring radiator, vanity, toilet, and shower / tub combinationView of a document with a collage of imagesKitchen featuring a sink, tasteful backsplash, brown cabinets, and light stone countertopsBathroom with vanityLaundry area with baseboards and dark wood finished floorsUnfurnished room featuring baseboards and dark wood-type flooringUnfurnished living room featuring baseboards, healthy amount of natural light, dark wood finished floors, and radiator heating unitDetailed view

Description

Exceptional Investment Opportunity – Fully Renovated 4-Family Corner Building in Yonkers Don't miss this rare chance to own a high-yield, income-producing property in a quiet corner of Yonkers. This well-maintained 4-family building features a unique and flexible layout: (1) One-Bedroom Apartment – $2,000/month (1) Three-Bedroom Apartment – $2,926/month (2) Four-Bedroom Apartments – $2,000 and $3,000/month Each unit includes 1 full bathroom Additional Income Streams: Storefront (currently used as storage): $850/month Two Large 3-Car Garages (used as warehouse): $500/month, $650/month Total: $11,926/month Financial Highlights: Total Gross Annual Income: $143,000 (current) Low Property Taxes: Only $15,633 for 2024 Utilities: Tenants pay for their own heat and gas, minimizing owner expenses Property Highlights: Fully renovated in 2018 Well-maintained throughout Strong rental income and high demand in the area Opportunities like this are hard to come by in today’s market—ideal for investors seeking reliable cash flow with minimal overhead.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Phone Connected
  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.