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Open House Times
- Sun. Nov. 01 at 11:00am to 1:00pm
About the Listing RLTYKA - 55633
Investor Opportunity! Legal 3-Family with Walk-Out Basement in Yonkers! Excellent opportunity to own a legal three-family property in Yonkers with strong rental income potential, recent improvements, and significant upside for investors. Featuring three spacious units, a walk-out basement with a separate entrance, a large lot, and an expansive driveway - this property offers multiple avenues to maximize immediate returns and build long-term equity. The first-floor unit offers 4 bedrooms and 1 full bathroom, while the fully renovated second-floor unit features 4 bedrooms and 2 full bathrooms. The third-floor unit includes 3 bedrooms and 1 full bathroom. The 1st floor and 3rd floor units offer value-add potential and would benefit from some TLC, allowing an investor to renovate and increase rental income. All tenants are currently month-to-month except for the second-floor tenant (leased), offering flexibility for future management and repositioning. Major improvements completed in 2024–2025 include 2nd floor renovations, cast iron pipe replacement, a new hot water heater, a new oil tank, and a new boiler. The property features four electric meters and three gas meters, along with an above-ground oil tank for heating. Projected market rents are approximately $2,700+ per month for the first floor, $3,000+ for the second floor, and $2,500+ for the third floor, for a potential minimum gross rental income of $8,200 per month, or $98,400 annually. Based on stabilized operating performance just for 3 units, the property offers an estimated stabilized cap rate of 8.25%. The large lot and expansive driveway provide further possibilities, including the potential to add a parking lot for tenants. With an estimated after-repair value above $1,200,000, this property is an exceptional opportunity for investors seeking a value-add multifamily asset with strong income potential and long-term appreciation prospects in Yonkers. Bring your vision and unlock the full potential of this income-producing property!
Listing Highlights for 33 Saint Andrews Pl
Interior Details
- Bedrooms: 11
- Bathrooms: 4 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Natural Gas,Oil
- Fireplaces:
- Floor:
- Basement: Full,Walk-Out Access
- Other: First Floor Bedroom,First Floor Full Bath
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: N/A
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Driveway
Financial Details
- Tax Amount: $13,040
- Taxes w/Assessments: N/A
- Tax/Property ID: 1800-001-000-00125-000-0041-42
- Tax Year: N/A
Payment Calculator
Monthly Payment
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Listing Location
Questions About..
33 Saint Andrews Pl Yonkers, NY 10705
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