206 Mary Lou Avenue, Yonkers, NY, 10703 | $899,000

Welcome to your new investment opportunity! This charming Side by Side Two Family offers not just a home, but a lucrative income-generating property. With two distinct units, each boasting its own unique character, this residence presents versatility and potential for both homeowners and investors alike. Unit 1 has access to the one car attached garage, spacious living room with sliding doors to balcony patio, dining room, large kitchen with pantry closet, powder room. Stairs up lead to a primary bedroom with walk in closet & primary bathroom, 2 additional spacious bedrooms, hall bathroom and laundry. Second unit has open concept living room, dining room, large kitchen, powder room, stairs leading down to 2 bedrooms both with their own full bathrooms and walk in closet. Lovely family room with access door to the back of the home featuring a large patio/balcony. Enjoy magnificent hilltop views, its perfect for entertaining. There are stairs leading down to 2 additional parking spaces. Located close to the Saw Mill River Pkwy, mass transit, shopping, restaurants, schools and all you need! Relax in style and relish in the convenience of separate living quarters, ideal for tenants seeking privacy and tranquility. Whether you're an investor seeking a reliable income stream or a homeowner looking for supplementary rental income, this 2-family house presents an exceptional opportunity. Schedule a showing today and envision the endless possibilities awaiting you in this charming side by side two family home.

Features

  • Bedrooms: 5
  • Baths: 4 full / 2 half
  • Units: 2
  • Style: Colonial
  • Year Built: 2006
  • Garage: 1-car Attached, 1 Car Attached, Driveway
  • Heating: Natural Gas, Baseboard, Hot Water
  • Cooling: Wall Unit(s)
  • Basement: None
  • Approx Sq. Feet: 3,200
  • Acreage: 0.2
  • Est. Taxes: $13,345
  • Lot Desc: Corner Lot, Sloped, Near Public Transit
  • Elem. School: Yonkers Early Childhood Academy
  • Middle School: Yonkers Middle School
  • High School: Yonkers High School
  • School District: Yonkers
  • MLS#: H6290804
  • Days on Market: 55 days
  • Website: https://www.raveis.com
    /raveis/H6290804/206marylouavenue_yonkers_ny?source=qrflyer
Listing information has been assembled from various sources of varying degrees of reliability. Any information critical to the buying decision should be independently verified.

William Raveis Family of Services

Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.

Aggie AlibertoLicensed Associate Real Estate Broker

914.672.9413

Aggie.Aliberto@raveis.com

Our family of companies offer our clients a new level of full-service real estate. We shall:

  • Market your home to realize a quick sale at the best possible price
  • Place up to 20+ photos of your home on our website, raveis.com, which receives over 1 billion hits per year
  • Provide frequent communication and tracking reports showing the Internet views your home received on raveis.com
  • Showcase your home on raveis.com with a larger and more prominent format
  • Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology

To learn more about our credentials, visit raveis.com today.

Brian ShahwanVP, Mortgage Banker, William Raveis Mortgage, LLC

NMLS Mortgage Loan Originator ID 2166562

302.293.7433

Brian.Shahwan@raveis.com

Our Executive Mortgage Banker:

  • Is available to meet with you in our office, your home or office, evenings or weekends
  • Offers you pre-approval in minutes!
  • Provides a guaranteed closing date that meets your needs
  • Has access to hundreds of loan programs, all at competitive rates
  • Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction

Alex FerroInsurance Sales Director, William Raveis Insurance

203.610.1536

Alex.Ferro@raveis.com

Our Insurance Division:

  • Will Provide a home insurance quote within 24 hours
  • Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
  • Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
    Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable

206 Mary Lou Avenue, Yonkers, NY, 10703

$899,000

Aggie Aliberto

Licensed Associate Real Estate Broker

William Raveis Real Estate

Phone: 914.672.9413

Aggie.Aliberto@raveis.com

Brian Shahwan

VP, Mortgage Banker

William Raveis Mortgage, LLC

Phone: 302.293.7433

Brian.Shahwan@raveis.com

NMLS Mortgage Loan Originator ID 2166562

5/6 (30 Yr)
Adjustable Rate Jumbo*
30 Year
Fixed-Rate Jumbo
15 Year
Fixed-Rate Jumbo
Loan Amount $719,200 $719,200 $719,200
Term 360 months 360 months 180 months
Initial Interest Rate** 6.125% 6.875% 6.625%
Interest Rate based on Index + Margin 8.125%
Annual Percentage Rate 7.430% 7.014% 6.790%
Monthly Tax Payment $1,112 $1,112 $1,112
H/O Insurance Payment $92 $92 $92
Initial Principal & Interest Pmt $4,370 $4,725 $6,315
Total Monthly Payment $5,574 $5,929 $7,519

* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.

** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.

The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.