Alder Street
Yonkers, New York
$849,000 Price
6 Bedrooms  

Contract Signed

Don't miss your chance to make this delightful Yonkers residence your own – schedule a showing today and experience the charm and convenience of 48 Alder Street! Discover the perfect investment opportunity in the heart of Yonkers with this spacious multi-family home located at 48 Alder St. This property...

Don't miss your chance to make this delightful Yonkers residence your own – schedule a showing today and experience the charm and convenience of 48 Alder Street! Discover the perfect investment opportunity in the heart of Yonkers with this spacious multi-family home located at 48 Alder St. This property features two units, each offering 3 bedrooms and 1 bathroom, ideal for maximizing rental potential. The interior spans a generous total of 2,694 sqft, providing ample space for comfortable living. First floor unit recently remodeled.  Financially appealing, this property includes a finished basement that boasts additional rental income $700 a month for storage with 2 rooms.Conveniently enhance your investment with extra earnings from 4 parking garages at $200 each and a boat parking at $250 a month. Total monthly income $6650. A true multi family investment money tree generating close to $80k a year in income. Built to last, the residence is equipped with a gas furnace that's only two years old, ensuring efficient heating and reduced maintenance concerns. The practical layout and sturdy construction of this home promise a low-maintenance, high-yield investment. Location is key, and this property does not disappoint. It’s conveniently nestled near essential amenities and transportation links. Yonkers Middle High School lies within a short distance, making it an attractive option for families. Access to the Metro-North Station at Yonkers is just over a mile away, providing easy commutes to Manhattan. Daily necessities can be met at the nearby Food town of Linden St., and for leisure, Tibbetts Brook Park offers lush greenery and outdoor activities close to home. This is more than just a property; it’s a chance to invest in a thriving Park Hill community and gain substantial returns from a well-positioned multi-family home. Don’t miss out on this exceptional opportunity at 48 Alder Street, where potential meets profitability in an ideal locale. CAN BE DELIVERED VACANT Additional Information: Amenities:Storage,ParkingFeatures:4+ Car Detached,

Listing courtesy of Homesmart Homes Estates

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* All information furnished regarding property for sale, rental, financing or estimated mortgage rates is from sources deemed reliable but no warranty or representation is made as to the accuracy thereof. For further financing information, please contact a Brown Harris Stevens agent.

Listing Details

Contract Signed
Yonkers, New York
Type:
Price: $849,000
Last Updated: 4/15/2025
Web ID: 6311834

Info & Amenities

Bedrooms: 6
Bathrooms: 2.0
Built: 1924

Get to Know Yonkers

Yonkers is a vibrant and diverse city located just north of the Bronx in Westchester County. Often referred to as the 'Gateway to the Hudson Valley,' Yonkers is a place where historic charm meets modern convenience. With its rich history, scenic views, and an array of cultural attractions, the city has something to offer everyone.

More About Yonkers

Neighborhood Guide to Yonkers