54 Herriot Street

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: Keep family close while maintaining privacy with separate units. Investment Partnership: Purchase with friends or family 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 employment income, Possible tax deductions associated with operating expenses and depreciation. Whether you're an experienced investor or purchasing your first multifamily 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