2-Family Park Hill, Yonkers - Just Renovated - Own this for less than $700/month! OPEN HOUSE: THIS SATURDAY AND SUNDAY - 2-6PM - SEE IT AND MAKE AN OFFER Your First House Should Have Income! - 101 Park Hill Avenue - $499,000. If I were smart, young, single or recently espoused, and wanted to buy my first house, this would be the house I would buy. In fact, as a man of 64, I bought this house precisely because it reminded me of my first house - in Brooklyn in 1976 - which multiplied my original investment by 35 times in five years. The ideal first house should have some income and not just be a hole into which you pour money. Therefore, this house has two apartments. You will live in one and rent out the other. The rent will reduce your cost of ownership by about 50%. In fact, you will most probably own this house for less than you are paying now in rent - well under $700 a month. This house is a good choice because it was built in 1900 with quality materials that are no longer available and it has just been lovingly restored with state-of-the-art technology and modern appliances. Essentially, it represents the least risk for a buyer because most of the things that go wrong in a house - piping, boilers, stoves, refrigerators, flooring, windows, wiring, etc. - have been replaced and tested for over 3 months at peak loads. Consequently, the probability of your having to deal with the usual aggravations of being a homeowner and landlord have been minimized. You can expect, therefore, to concentrate on your current lifestyle and, for several years, only worry about choosing one good tenant, collecting your rent, and doing minimal maintenance to keep everything running smoothly. To achieve this dream, you will need a 20% down payment - about $100,000 cash. Anyone with that kind of cash will either have a generous relative or have already attained some level of success in life. This house represents the next stage of that success. If you are single or do not need to live lavishly, you may choose to occupy the ground floor, 2-bedroom Apartment One and to rent out Apartment Two, which features up to four sleeping spaces, a huge loft and breathtaking views of the Hudson River and Palisades from the rear windows and open-air deck. If you do this, your income will be maximized.If however, you need more space or choose to spend a little more money for the luxury of a two-story, 7-room residence, you can live in Apartment Two and rent out the smaller apartment. Either way, your choice of 101 Park Hill Avenue is a sound investment. Built on a massive foundation of hewn stones, the house is well within the boundaries of the most beautiful neighborhood of Yonkers. Only 30 minutes from midtown Manhattan (closer than many neighborhoods in Brooklyn!), Park Hill features incredible, million-dollar mansions owned by some of the most creative, successful and interesting people in New York. Within four blocks you will find the homes of a show producers, a world famous artist, several scientists and physicians, classical and popular musicians and recording artists, writers and media workers. The neighborhood tennis-bowling-swim club is a short walk up the hill. One of the best Italian restaurants in Westchester and a busy market are a block away, as are homes of worship, a hospital, bus stops and other city amenities. Amtrack and Metro North (with free street parking), all major highways, parks, golfing, and the Yonkers waterfront are a short ride away.Park Hill Yonkers is an undiscovered sweet spot that combines the best of everything for a price that makes anywhere else look too expensive. "It's so quiet here!" said a young recording artist, visiting from Williamsburg, "Yet it's really a city townhouse." If you would like to see what I have lovingly restored over the past 8 months, I would be proud to show you 101 Park Hill Avenue. I am sure you will not be disappointed. In fact, you must might fall in love. Property Information$499,000 #park #hill #yonkers2-Family - approx. 2,200 s/f - Taxes: $5,800Detached chalet with river views - 2 UnitsLot Size: 25 x 115 - Tax ID: 1.-198.26Park Hill Yonkers - Westchester County Interior Basement: Garden and interior doorways, full dimensionHeating Source: High efficiency, gas, hot water - separate for each apartmentRoom Features: Finished hardwood floors throughout, large loft with river-view deckWater Source: Municipal Exterior Small front garden, large rear garden, shed, 2 patios, unlandscapedSiding: AluminumParking: Street Miscellaneous Location: Walk to shopping, schools, hospitals, worship, bus Near: train, parks, all highways, waterfrontPublic Transportation: Short ride to Amtrack, Metro North (30m. to Grand Central), walk to busNeighborhood & Schools: Yonkers public schools, elementary school steps away. Detailed Description Ideal live-in investment - occupy one apartment, rent the other out to cover your expenses. (see Setup in Photos) Here is a just-renovated 2-family home in the prestigious Park Hill neighborhood of Yonkers, just blocks from million dollar mansions. This home has been lovingly renovated by a Park Hill neighbor with all new plumbing, heating, electric service, kitchens and baths. Ready to move in and start making money. Apartment One (see Plans in Photos) on the first floor features a 2-bedroom, floor-through apartment with large, sunny front bedroom, living room, large eat-in kitchen and garden-view bedroom. Access to spacious garden and large, dry shed. Hardwood floors in all rooms except kitchen and hall. Apartment heated by a high efficiency, gas, hot water system and hot water heater - so renter pays for heat, hot water and electric. Totally new kitchen features ceramic tile, ceramic backsplash, solid birch wood cabinets, stainless steel DW, sink, stove and fridge. The bath, off the living room, features gray slate and glass tile contemporary designs with cherry wood and squar, cultured marble topped vanity. Estimated rent income: $1,500. Apartment Two is on the second and third floors. Second floor features the kitchen plus choice of 4 bedrooms - or - 3 bedrooms and a living room all full of sun filled windows. The bath, off the central hall, features gray slate and glass tile contemporary designs with cherry wood and square, cultured marble topped vanity. One BR is small, suitable for a baby's room or office. One bedroom is in the back and features a view of the Hudson Palisades as well as a private stairway and door to the garden. All the bedrooms and the hall have finished wood floors. The other two bedrooms are identical, so either may be used as a living room instead of a bedroom. Or use the 3rd floor loft for a living room! A stairway leads from the second floor to a fantastic 400 s/f loft with new solid oak floors by Bruce. The loft is split into two spaces - one has two skylights, the other has a sliding door to a large deck. This space and the deck feature a fabulous view of the Hudson River and the Palisades. There is also a small, low ceiling space in this level which can be used for storage or for a children's play room. Apartment Two features a new kitchen with ceramic floor and backsplash, cherry cabinets, stainless steel stove, sink, DW and fridge, as well as a granite counter. There is a separate 2-zone heating system for this apartment supplied by a high-efficiency, gas, hot water system. Very low cost of maintenance. Estimated rent: $1,800 - $2,000. The exterior is aluminum siding. Roof is leak free and in excellent condition. Basement is not finished, but newly insulated and delivered broom clean. A small front garden can be landscaped with low-maintenance shrubs for year round beauty. The rear yard is large, but not yet planted. Design your own backyard paradise. A large, dry shed with a roughed-in patio sits at the rear of the yard and may be used for storage or for all-weather entertaining. A large, fruit-bearing pear tree, dominates the yard, giving summer shade and delicious treats. This property is offered at $499,000 and may be seen by appointment only or during our open houses on Saturday and Sunday (2-6PM). Brokers protected. ZILLOW NOTE: The Zestimate for this property is based on its value prior to our renovation. At that time, the property had been vacant and boarded up for 5 years. We are aggressively seeking a re-evaluation of this property's #Zestimate.Call George or Maria at 914-378-8000 ext. 1