westchester-ny-realty.com

Opportunity Knocks in Yonkers! Welcome to 31 Belnap Avenue, a rare chance to purchase a property with enormous potential in one of Westchester’s most convenient locations. This two-bedroom home sits on a buildable lot and is being sold as-is, requiring a full gut renovation or total rebuild—perfect for contractors, investors, or buyers using a 203(k) renovation loan. Why wait years for approvals and construction on raw land? This existing structure gives you a major head start. With permits and city approvals, the home can be expanded or rebuilt into a modern masterpiece. Depending on the scope of work and finishes, post-renovation values range between $600,000 and $750,000. Located just minutes from New York City, major highways, shopping, and public transit, this is an ideal project for anyone looking to add value and capitalize on the strong Yonkers market. Key Features: Existing structure: previously a 2-bedroom home Full rebuild or major renovation required Excellent for 203(k) loan buyers or seasoned renovators Conveniently located near shops, schools, and transportation Strong after-repair value potential Bring your vision and tools—or your architect and contractor—and turn this diamond in the rough into a dream home or profitable investment!