Property Description

Rare opportunity to own a legal 4-family property in Yonkers with Hudson River views and serious upside potential. This income-producing property features four units, including a 1-bedroom, 1-bath apartment on the first floor that requires a full renovation, creating a prime value-add opportunity, while the second, third, and fourth floors each offer spacious 2-bedroom, 1-bath units in good condition with no immediate work needed. The current rents are extremely low for the area, providing a clear path to increased cash flow and long-term appreciation. Enjoy scenic water views of the Hudson River, adding strong tenant appeal and long-term value. The property also features a private backyard space complete with a hot tub, a nice bonus. The property has off-street parking that can accommodate up to 6 vehicles. Each unit is equipped with separate electric meters, offering added convenience and efficiency for ownership and management. Whether you're an investor looking to increase rents and force appreciation or an owner-occupant seeking additional income, this is a true value-add opportunity.

Property Features