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An outstanding investment opportunity awaits with this legal 4-family all-brick property nestled in the desirable East Yonkers neighborhood, just 25 minutes north of Manhattan. This well-maintained brick beauty features (4) spacious 2-bedroom apartments, each with its own private entrance and beautiful hardwood floors throughout. The two first-floor apartments are configured as duplex residences, offering additional living space and enhanced appeal for tenants. These sun-drenched apartments are all in overall good condition, offering bright, comfortable living spaces with tremendous upside to maximize rental income through future updates and market-rate rents. Whether you're looking to expand your investment portfolio or secure a solid income-producing property with long-term appreciation potential, this is an exceptional opportunity. Additional highlights include driveway parking for up to three cars, a coin-operated laundry room for added income and great yard space to enjoy those long summer evenings. This terrific property is truly a commuters dream- just blocks from the Metro-North train, local buses, shopping, restaurants, schools, and major parkways. A rare chance to own a Prime turnkey multi-family property in one of Yonkers' most convenient and sought-after locations, all within a stone throw from NYC!!!.
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Our Executive Mortgage Banker:
$1,150,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $920,000 | $920,000 | $920,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $1,555 | $1,555 | $1,555 |
| H/O Insurance Payment | $125 | $125 | $125 |
| Initial Principal & Interest Pmt | $5,080 | $5,516 | $7,640 |
| Total Monthly Payment | $6,760 | $7,196 | $9,320 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.