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    1 home
      1 home available
      111 Beech Street, Yonkers, NY 10701
      Price Reduced $250,000
      111 Beech Street, Yonkers, NY 10701
      $950,000
      6beds
      3bath
      3,500sqft
      0.05acres
      House for Sale
      Down payment assistanceDown Payment Help

      111 Beech Street, Yonkers, NY 10701

      Listing by: Keller Williams Landmark II
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      Copyright © 2024 OneKey® MLS LLC
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
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      Membio
      OneKey® MLS
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      111 Beech Street, Yonkers, NY 10701
      Price Reduced $250,000
      $950,000 $250,000 
      Down payment assistanceDown Payment Help
      6beds
      3full,half bath
      3,500sqft
      0.05acres

      111 Beech Street, Yonkers, NY 10701

      City/Town:Yonkers   Post Office: Yonkers     

      House for Sale by Carlos DelgadoKeller Williams Landmark II.

      Data checked -. Listing last updated 13 days ago.
      1. Overview
      2. Details
      3. More 

      Investment Opportunity with Stable Income and Upside Potential This well-maintained mixed-use property in Yonkers, New York, offers a unique opportunity for an investor seeking both residential and commercial income streams. The property consists of two spacious three-bedroom apartments and a ground-floor deli, along with a leased garage. It is located in a desirable area with strong demand from both residential and commercial tenants. Property Breakdown: Residential Units: Second Floor: Section 8 program tenant paying $2,002 per month, providing guaranteed rental income. Third Floor: Month-to-month tenant paying $1,950 per month, allowing flexibility for future rental increases or repositioning. Commercial Unit (Ground-Floor Deli): Commercial tenant paying $3,600 per month with two years remaining on a 10-year lease. The lease includes a 6% annual rent increase, ensuring growing income. This tenant provides a reliable income stream with long-term stability. Garage: Leased at $1,210 per month, adding an additional revenue source to the property. Financial Overview: Total Monthly Gross Income: $8,762 Total Annual Gross Income: $105,144 Expenses: Taxes: $11,028.66 annually Heating and Electric Bills: $12,000 annually Water Expenses: $1,200 annually Recent Improvements: The roof was replaced in 2024 and is insured for 15 years, reducing future capital expenditures. Net Operating Income (NOI): With total annual expenses of $24,228.66, the property generates a net operating income (NOI) of approximately $80,915.34. Summary: This Yonkers mixed-use property presents a balanced combination of residential and commercial tenants, guaranteed income from a Section 8 lease, and a long-term commercial tenant with built-in rent escalations. With minimal deferred maintenance due to recent roof work and manageable expenses, this asset is positioned to provide solid returns and potential upside through rental increases. For investors seeking a well-located property with diverse income streams, this is a compelling opportunity to add a high-performing asset to your portfolio.

      Details
        Property type
      Residential Income
        Year built
      1905
        Heating
      Oil, Hot Water
        Cooling
      Wall Unit(s)
        Total rooms
      12
        Garage
      Yes (2 space)
        City/Town
      Yonkers
        Post Office
      Yonkers
        Parking spots
      -
      3581507
      MLS ID
      Active
      Status
      56
      Days on market
        Basement
      Full, Partially Finished, See Remarks, Walk-Out Access
        Laundry features
        Flooring
        Fireplace
      No
        Pets allowed
        Architectural Style
      Store+Dwell
        View
      Interior features
      Storage
      Exterior features
      Lot features
      Appliances included
      Construction materials
      Other
      Monthly taxes
      $919
      Yearly taxes
      $11,028.66
      Community Features
      -
      School district
      Yonkers
      Schools
      Yonkers Early Childhood Academy, Yonkers Middle School, Yonkers High School
      Senior community
      No
      Common Charges
      -
      Maintenance
      -
      Additional Fees
      -
      Open Houses
      In-Person
      No upcoming in-person open houses
      Virtual
      No upcoming virtual open houses
      Contact Agent
      Listing By:
      Carlos Delgado
      Carlos Delgado
      Maria F Galisteo Amestoy
      Maria F Galisteo Amestoy
      Carlos Delgado
      Carlos Delgado
      Direct Number 
       
      Maria F Galisteo Amestoy
      Maria F Galisteo Amestoy
      Direct Number 
       
      Location
      For Sale Nearby
      No nearby homes are For Sale Nearby.
      Recently Sold
      No nearby homes have been Recently Sold.
      111 Beech Street, Yonkers, NY 10701, is a 6 bedroom, 3 bathroom, 3500 sqft. Multi Family built in 1905. This property is currently available for sale and was listed on OneKey® MLS on 9-26-2024. The MLS# for this Multi Family is MLS# 3581507.
      Display of MLS Data is usually deemed reliable but is NOT guaranteed accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals.
      Copyright ©2024 OneKey® MLS LLC