54 Herriot Street
Property Description
Exceptional Investment & Owner-Occupant Opportunity. Completely renovated triplex featuring three two-bedroom apartments, each with separate utilities and meters. Ideally situated on the edge of Downtown Yonkers' vibrant Getty Square Historic District, this property offers a rare opportunity for investors, owner-occupants, and multigenerational living alike. Conveniently located near public transportation, restaurants, shopping, parks, and the Yonkers waterfront. The first-floor apartment offers direct access to the backyard, while the full unfinished basement provides excellent potential for additional storage, laundry facilities, or other value-added improvements. Endless Possibilities. Whether you're looking to build wealth through real estate or create a flexible living arrangement, this property offers numerous options: Live in one apartment while renting the other units to substantially offset your monthly mortgage payment. Multigenerational Living: while maintaining privacy with separate units. Investment Partnership: Purchase to build equity and use as a stepping stone toward future investments or a dream home. Pure Investment: Lease all three units to maximize rental income and long-term appreciation. Commuter's Dream. Enjoy exceptional access to New York City via Metro-North Railroad. Yonkers Station is approximately a half-mile away and offers express service to Grand Central Terminal in approximately 30 minutes. Ludlow Station is also conveniently located nearby. Owner-occupant financial advantages: Potential eligibility for low down payment financing, including FHA loans, when used as a primary residence. Rental income from the additional units can significantly offset monthly housing costs. Potential tax advantages related to the rental portion of the property. Living on-site can simplify property management and tenant oversight. Investor advantages: Income-producing asset. Opportunity to maximize cash flow through three rental units. Potential eligibility for Debt Service Coverage Ratio (DSCR) financing, which qualifies the loan on rental income rather than personal income, Possible tax deductions associated with operating expenses and depreciation. Whether you're an experienced investor or purchasing your first multi property, this presents a unique opportunity to generate income, build equity, and own a fully renovated property. Don't miss the opportunity to invest in your future. SOLD AS IS
Key Property Information
| Listing Status: | Pending Sale |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $749,999 |
| No. of Units: | 3 |
| Year Built: | 1909 |
| Opportunity Zone: | No |
| Price per unit: | $250,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 6 |
| Number of Bathrooms: | 3 |
ID: 3yd-MLSLINY-1030522
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Final Deal Analysis
Similar Properties in the Area
4616-4618 Penn Way
Versailles Boro, Pennsylvania
Brokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Eamonn McConnell
Avison Young - CA - ON - Greater Toronto
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout