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        111 Beech Street, Yonkers, NY 10701
        111 Beech Street, Yonkers, NY 10701
        $1,200,000
        2,178sqft
        0.05acres
        Business Opportunity

        111 Beech Street, Yonkers, NY 10701

        Listing by: Keller Williams Landmark II
        1 - 1 of 1 results
        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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        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
        111 Beech Street, Yonkers, NY 10701
        111 Beech Street, Yonkers, NY 10701
        111 Beech Street, Yonkers, NY 10701
        111 Beech Street, Yonkers, NY 10701
        $1,200,000
        2,178sqft
        0.05acres

        111 Beech Street, Yonkers, NY 10701

        City/Town:Yonkers   Post Office: Yonkers     

        Business Opportunity by Carlos DelgadoKeller Williams Landmark II.

        Data checked -. Listing last updated 12 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
        Business Opportunity
          Year built
          Heating
        -
          Cooling
          Garage
        No
          City/Town
        Yonkers
          Post Office
        Yonkers
          Parking spots
        -
        3581521
        MLS ID
        Active
        Status
        12
        Days on market
          Flooring
          View
        Monthly taxes
        -
        Yearly taxes
        -
        Schools
        -
        Open Houses
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        Contact Agent
        Listing By:
        Carlos Delgado
        Carlos Delgado
        Maria F Galisteo Amestoy
        Maria F Galisteo Amestoy
        Carlos Delgado
        Carlos Delgado
        Real Estate Salesperson, Keller Williams Landmark II
        Direct Number 
         
        Maria F Galisteo Amestoy
        Maria F Galisteo Amestoy
        Real Estate Salesperson, Keller Williams Landmark II
        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 0.05 acres, 2178 sqft. Mixed Use built in . This property is currently available for sale and was listed on OneKey® MLS on 9-26-2024. The MLS# for this Mixed Use is MLS# 3581521.
        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