92 Elliott Ave - Apartments FOR SALE


Yonkers, NY 10705- Ludlow
$1,499,999 USD
914-906-4558
92 Elliott Ave, Yonkers, NY for Sale
$1,499,999 USD
Apartments - FOR SALE
1/23
null | Request Cap Rate

92 Elliott Ave
Yonkers, NY 10705
Ludlow


HIGHLIGHTS

  • Turnkey 4-family investment opportunity
  • Strong Income Potentail with Immediate Upside - Projected strong rental income once fully leased at market
  • Separately Metered Utilities - Each unit pays for own electric & gas (cooking); Owner provides water and hot water
  • Convenient location close to schools, parks, shops, public transportation, and NYC
  • Two units Vacant. Two Units w/ Lease ending 2026. Contact L/A to Discuss Current Occupancy/Rents, Projected Rents, GOI, NOI, and Projected 8% Cap Rate

OVERVIEW

Fully remodeled legal Four-Family property offering strong income potential and immediate upside. Priced to sell, this is an excellent opportunity for both investors and owner-occupants. Ideal for an investor seeking a strong addition to their portfolio / first investment property, Or a buyer looking to live in one unit while renting the other three. The building has been extensively updated providing modernized units and low-maintenance ownership. Each unit is separately metered for gas and electric, with tenants responsible for their own utilities while the landlord pays for water. Two units will be delivered vacant, offering the ability to immediately occupy or rent at current market rates, while the remaining two units are currently rented below market, create meaningful upside potential for increased income. With low property taxes and a convenient location near shops, schools, major parkways, public transportation, and easy access to NYC, this property presents a compelling opportunity for immediate cash flow and long-term investment potential. A remodeled, income-producing property ready for its next owner.

FOR SALE DETAILS

PRICE

$1,499,999 USD

PRICE/SF

$423 USD /SF

# OF UNITS

4

PRICE/UNIT

$375,000

CAP RATE

Request Cap Rate

% LEASED

50%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1908

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.04 AC

LAND SF

1,742 SF

ZONING

M

APN/PARCEL ID

1800-001-000-00160-000-0027

ASK ABOUT THIS PROPERTY

Kevin LangCompass Greater Ny, LlcMore Info
914-906-4558

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Kevin LangCompass Greater Ny, LlcMore Info
914-906-4558

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.