Multi Family 2-4 in Westchester County
| MLS Number | 895962 |
|---|---|
| Address | 141 vineyard Ave, Yonkers, NY 10703 show map |
| Price | $1,100,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1918 |
| Est. Sq. Footage | 0 |
| Elementary School | Yonkers |
| Jr High-Middle School | Yonkers |
| High School | Yonkers |
| Estimated Taxes | $13,500 |
| Total Apt Units | 3 |
| Total Bedrooms | 8 |
| # 2 Brs | 2 |
| # 4 Brs | 1 |
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!
Eat-in Kitchen
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