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141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
141 vineyard Ave
VIEW PHOTOS
$1,100,000

141 vineyard Ave

8 Beds 4 Baths 3,750 Sq.Ft.

Description

Massive 3-Family Brick Money-Maker + Bonus Income!
Turnkey | Cash-Flowing | High-ROI Opportunity

Welcome to this oversized 3-family gem sitting proudly on a spacious lot and packed with income-generating potential! This solid-brick home features a full semi-finished basement with soaring ceilings, oversized windows, a full bath, and its own private entrance/exit -- ideal for future conversion or additional rental income.

Rental Breakdown & Income Potential:

Unit 1 (Owner's Unit): 4BR / 2BA | Spacious layout | Projected FMV: $4,111/mo

Unit 2A & 2B: (Two) 2BR / 1BA apartments | Current FMV: $3,058/mo each

Gross Potential from Units Alone: $10,227/mo - $122,724/year

But that's not all. This property comes with:
A rented workshop
Three rented storage units
Driveway parking for 3-4 cars - also rentable for extra income!

Each unit has its own boiler, meaning tenants pay all utilities (electric, gas, heat, hot water). The owner's only expenses are below:

Taxes: $13,500/year

Hallway electric: $240/year

Insurance: $3,500/year

Total expenses: just $17,240/year

Current Rent Roll:

4BR Unit: $3,000/mo

2BR Units: $2,250/mo each

Gross: $94,200/year (with under-market rents!)

Net: $79,960/year | 7% CAP rate

With just modest rent increases to market value, this property can net $109,384/year, pushing your CAP rate up to 10%. That's real investor math.

Options Galore:

Live in one unit and rent the rest

Hold for cash flow

Raise rents for upside

Delivered vacant or occupied -- your choice
Perfect for:
Investors
House hackers
1031 buyers
Anyone looking for strong cash flow and long-term upside in a high-demand rental market

Opportunities like this don't last. Reach out today to secure this true income-producing asset before it's gone!

Share Property

Status

For Sale
Maliki Cottrell

Maliki Cottrell

TITLE

Real Estate Agent

Property Amenities

Interior
Flooring Hardwood, Laminate
Total Bedrooms: 8
Full Bathrooms: 4
Other Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Entrance Foyer, Galley Type Kitchen, Pantry, Washer/Dryer Hookup
Area & Lot
Living area 3,750 Sq.Ft.
MLS® ID 895962
Year Built 1918
School District Yonkers
High School Yonkers
Middle School Yonkers
Elementary School Yonkers
Architecture Styles Other
Type Multi-Family
Status For Sale
Exterior
Air conditioning None
Heat type Steam
Water Source Public
Sewer Public Sewer
Utilities Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Finance
Sales Price $1,100,000
Real Estate Tax $13,500 yearly
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