Yonkers, NY 10701

Property

Ownership: For Sale
Type: Multi-Family
Pets: No Pets Allowed
Lot Size: 0.07 Acres

Financials

Price:$1,099,000
Annual Taxes:$9,890
505 Park Ave, New York, NY 10022
Listing Courtesy of Double C Realty

Discover a terrific opportunity to own a wonderful Investment property, tucked away in the downtown area of Yonkers, just 25 minutes north of Manhattan.

Description

Discover a terrific opportunity to own a wonderful Investment property, tucked away in the downtown area of Yonkers, just 25 minutes north of Manhattan. This well maintained 7 unit multifamily property offers immediate, stable cash flow- which is ideal for both seasoned investors and those looking to expand their portfolio in a high demand rental market. Located in a vibrant, commuter-friendly area, tenants enjoy easy access to public transportation, shopping, dining, and major highways. This property cash flows with a gross income of $121,020 and the yearly expenses -(Taxes, Insurance, Heat, Water, Electric) combine for $31,832. The building’s solid fundamentals, consistent occupancy, and low operating costs make it a turnkey investment with strong long-term appreciation prospects.

Amenities

  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.