48 Alder Street, Yonkers, NY, 10701 | $849,000
Don't miss your chance to make this delightful Yonkers residence your own – schedule a showing today and experience the charm and convenience of 48 Alder Street! "Discover the perfect investment opportunity in the heart of Yonkers with this spacious multi-family home located at 48 Alder St. This property features two units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental potential. The interior spans a generous total of 2, 694 sqft, providing ample space for comfortable living. First floor unit recently remodeled.
Financially appealing, this property includes a finished basement that boasts additional rental income $700 a month for storage with 2 rooms. Conveniently enhance your investment with extra earnings from 4 parking garages at $200 each and a boat parking at $250 a month. Total monthly income $6650. A true multi family investment money tree generating close to $80k a year in income.
Built to last, the residence is equipped with a gas furnace that's only two years old, ensuring efficient heating and reduced maintenance concerns. The practical layout and sturdy construction of this home promise a low-maintenance, high-yield investment.
Location is key, and this property does not disappoint. It’s conveniently nestled near essential amenities and transportation links. Yonkers Middle High School lies within a short distance, making it an attractive option for families. Access to the Metro-North Station at Yonkers is just over a mile away, providing easy commutes to Manhattan. Daily necessities can be met at the nearby Food town of Linden St. , and for leisure, Tibbetts Brook Park offers lush greenery and outdoor activities close to home.
This is more than just a property; it’s a chance to invest in a thriving Park Hill community and gain substantial returns from a well-positioned multi-family home. Don’t miss out on this exceptional opportunity at 48 Alder Street, where potential meets profitability in an ideal locale.
CAN BE DELIVERED VACANT Additional Information: Amenities: Storage, ParkingFeatures: 4+ Car Detached,
Features
- Amenities: Park
- Bedrooms: 6
- Baths: 2 full
- Year Built: 1924
- Heating: Radiant
- Cooling: Wall/Window Unit(s)
- Basement: Walk-Out Access, Finished
- Acreage: 0.08
- Est. Taxes: $8,565
- Lot Desc: Near Public Transit, Near School, Near Shops, Corner Lot
- Elem. School: Yonkers Early Childhood Academy
- Middle School: Yonkers Middle School
- High School: Yonkers High School
- School District: Yonkers
- MLS#: H6311834
- Days on Market: 104 days
- Website: https://www.raveis.com
/prop/H6311834/48alderstreet_yonkers_ny?source=qrflyer
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Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
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Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
48 Alder Street, Yonkers, NY, 10701
$849,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $679,200 | $679,200 | $679,200 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.125% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.727% | 6.309% |
| Monthly Tax Payment | $714 | $714 | $714 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,856 | $4,349 | $5,777 |
| Total Monthly Payment | $4,662 | $5,155 | $6,583 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535