33 Saint Andrews PL Yonkers, NY 10705
Open House
Sun Nov 01, 11:00am - 1:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 1067410
Bedrooms 11
Full Baths 4
Rental Info No
Year Built 1903
Annual Tax Amount $13,040
Lot Size 5,702 Sqft
Acres 0.1309
Property Sub-Type Triplex
Source onekey2
Property Description
Excellent opportunity to own a legal three-family property in Yonkers with strong rental income potential, recent improvements, and significant upside for investors. Featuring three spacious units, a walk-out basement with a separate entrance, a large lot, and an expansive driveway - this property offers multiple avenues to maximize immediate returns and build long-term equity.
The first-floor unit offers 4 bedrooms and 1 full bathroom, while the fully renovated second-floor unit features 4 bedrooms and 2 full bathrooms. The third-floor unit includes 3 bedrooms and 1 full bathroom. The 1st floor and 3rd floor units offer value-add potential and would benefit from some TLC, allowing an investor to renovate and increase rental income. All tenants are currently month-to-month except for the second-floor tenant (leased), offering flexibility for future management and repositioning.
Major improvements completed in 2024–2025 include 2nd floor renovations, cast iron pipe replacement, a new hot water heater, a new oil tank, and a new boiler. The property features four electric meters and three gas meters, along with an above-ground oil tank for heating.
Projected market rents are approximately $2,700+ per month for the first floor, $3,000+ for the second floor, and $2,500+ for the third floor, for a potential minimum gross rental income of $8,200 per month, or $98,400 annually. Based on stabilized operating performance just for 3 units, the property offers an estimated stabilized cap rate of 8.25%.
The large lot and expansive driveway provide further possibilities, including the potential to add a parking lot for tenants.
With an estimated after-repair value above $1,200,000, this property is an exceptional opportunity for investors seeking a value-add multifamily asset with strong income potential and long-term appreciation prospects in Yonkers. Bring your vision and unlock the full potential of this income-producing property!
Location
State NY
County Westchester County
Rooms
Basement Full, Walk-Out Access
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Natural Gas, Oil
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Electricity Connected, Natural Gas Connected, Water Connected
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Yonkers (School Choice)
Middle Schools Yonkers (School Choice)
High Schools Yonkers
School District Yonkers
Others
Senior Community No
Special Listing Condition None
Connect RE Corp.
Phone