15 Intervale Pl Yonkers, NY 10705

Property Details for 15 Intervale Pl

Year built

1916

Lot size

0.07 lot acres

Property size

10,270 SF

Property type

Commercial real estate

Description

This exceptional investment opportunity presents a well-maintained nine-family building situated in the desirable McLean Heights section of Yonkers, New York. The property boasts a substantial 10,270 square feet of living space spread across nine spacious two-bedroom units. Each unit features high ceilings, contributing to a comfortable and desirable living environment for tenants. The building currently enjoys a strong occupancy rate with reliable tenants, providing immediate and consistent cash flow. The property sits on a conveniently sized 0.07-acre lot, offering ample space for the building and potential for future improvements. A key advantage is the existing gas line infrastructure in the boiler room, providing a readily available option for a cost-effective conversion from oil to gas heating, should the new owner choose to pursue this upgrade. This conversion could potentially lead to significant long-term cost savings and increased efficiency. The asking price for this exceptional multifamily property is $1,500,000, representing a compelling investment opportunity in a thriving market. This property is ideal for both seasoned investors seeking a stable income stream and those looking to expand their portfolio with a well-maintained, high-potential asset. The building's current condition and strong tenant base make it an attractive proposition for immediate returns and future growth. Serious inquiries are encouraged to schedule a viewing and explore this lucrative investment opportunity further.