Exceptional investment opportunity featuring a 5 family income producing property situated on an oversized double lot, offering strong in place cash flow and long term upside potential.


Property

Website:https://www.nestseekers.com/5495072
Address:
Yonkers, NY 10703
Ownership: For Sale
Type: Multi-Family

Financials

Price:$1,449,000
Annual Taxes:$16,500

Description

Exceptional investment opportunity featuring a 5-family income producing property situated on an oversized double lot, offering strong in place cash flow and long-term upside potential. The property consists of two 2-bedroom, 1-bathroom units and three 1-bedroom, 1-bathroom units, plus a renovated full basement, providing additional flexibility and recreational space. Current rental roll includes Unit 1A – $2,100, Unit 1B – $2,500, Unit 2S – $1,550, Unit 2N – $1,900, and Unit 2E – $1,500. Owner pays heat while tenants are responsible for electric and cooking gas, helping maintain operational efficiency. Situated on a valuable double lot, this income-producing multifamily asset presents a rare opportunity for investors seeking immediate cash flow, long-term appreciation potential, and a strong addition to their investment portfolio.

Amenities

  • Back Yard
  • Building Security
  • Front Yard
  • Landscaped
  • Natural Gas Connected
  • Near Public Transit
  • Private
  • Smoke Detectors

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of Aurum Standard Realty Corp