62 Vineyard Avenue, Yonkers, NY 10703

$520,000 Asking Price

3 beds
3 baths
1,455  sqft
Built in 1890

A/O- Contract has been sent out. Showing for back ups. Excellent investment opportunity for the savvy buyer or investor. Single Family Residence on a double lot, currently in use as a 3-family home with 3 separate and independent units. Live in 1 unit and allow the other two units to pay off your mortgage. Rent roll possibility is $62,000+ with all units rented and opportunity to increase rent with a projected cap rate of 8%+ The conversion process from a single family to a 3 family has already been started and is in place for the next owner to complete. Double lot offers potential opportunities for a developer. The property has an assumable FHA mortgage at a mind boggling 2.375% interest rate. Yes, that is not a typo! 2.375%. Call for additional details or to schedule a viewing.

Features & Amenities

Interior

Basement:
None
A/C:
true, Wall Unit(s)
Heating:
Natural Gas, Baseboard

Exterior

Style:
Single Family, Colonial
Parking:
Driveway

Location

Originating MLS:
onekey
School District:
Yonkers
County:
Westchester

Lot

Zoning:
1800-002-000-02078-000-0018

Utilities

Water:
Public
Sewer:
Public Sewer

Financial

Source:
onekey

This listing courtesy of:
eXp Realty

About Yonkers, NY

Housing

Number of Units
75,076
Median Home Value
$401,058
Median Rent
$1,253

56.11% of housing units are renter occupied.

5.75% are vacant.

Commute

Car
54.91%
Public Transportation
22.62%
Walk to Work
4.40%
Work from Home
17.19%
Other
0.56%

The median travel time to work is 30 minutes.

People

Population
183,961
Median Age
38.80
Median Household Size
2.78

Education

High School
26.37%
Associate’s Degree
8.01%
Bachelor’s Degree
17.70%
Graduate Degree
12.90%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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