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5 Mulberry St Yonkers, NY 10701

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Pending
$999,000

Three-family property with upside potential in a convenient Yonkers location.

Lot size:
0.05 Acres

Property Features for 5 Mulberry St

General Information

Property type
Investment
Standard status
Pending
Lot size
0.05 Acres

Building Details

Year built
1903

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Listing Contact
Dee Rabady
Source: Elliman

Listing Agency: WOODFRONT REALTY, INC. Listing Agent: Dee Rabady

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Spacious Multifamily Property in Yonkers

This three-family property features long-term tenants currently leasing on a month-to-month basis with below-market rents, presenting a significant opportunity for investors. The property has undergone several upgrades, including a new boiler and hot water tank installed in 2020, and a new roof in 2019. Situated on a desirable block, the property benefits from new housing construction in the area. All leases have expired, offering the potential for increased income, particularly given the large square footage of each unit. The property is suitable for an owner-occupant looking to reside in one unit while generating income from the others, and enjoy the level, fenced yard. Its location provides convenient access to public transportation, major highways, and various amenities within the City of Yonkers. The property is located in Yonkers.
Location Intelligence

Current Use by Public Records

Triplexes

Suggested Use

Real Estate Agency Law Firm Restaurant Spa & Massage Center Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Center Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Yonkers
County
Westchester
State
New York
Longitude
-73.8831457
Latitude
40.9363533

FAQs

What type of property is this?
Triplex - Three-family property with upside potential in a convenient Yonkers location.
Where is this triplex located?
The property is located at 5 Mulberry St Yonkers, NY.
What is the asking price?
The asking price for this property is $999,000.
What are key features of this property?
This property features: - Tremendous upside potential due to below-market rents and expired leases.; - Large unit square footage in all three apartments.; - New boiler and hot water tank (2020) and new roof (2019).
More about this property
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