11 Lawrence St, Yonkers, NY 10705
- Commercial real estate
- 16,020 SF
- 0.08 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 11 Lawrence St
- Year built
- 1913
- Lot size
- 0.08 lot acres
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents an 11-unit multifamily property located at 11 Lawrence Street in Yonkers, New York. The property boasts a total of 16,020 square feet situated on a 0.08-acre lot. Each of the eleven units offers generous living space with five bedrooms, making them highly desirable rental properties. The building is exceptionally well-maintained, contributing to low operating expenses and maximizing the potential for strong cash flow. A significant advantage is that tenants are responsible for their own utilities, further reducing the owner's operational burden. The property's strategic location near schools, shopping centers, and public transportation ensures consistently high rental demand and tenant occupancy. This translates to a reliable and lucrative investment, ideal for those seeking a stable and profitable addition to their portfolio. The asking price for this turnkey investment property is $2,600,000. This presents a rare opportunity to acquire a well-established, high-performing multifamily building in a desirable location with significant potential for long-term growth and appreciation. The property's strong tenant base and low vacancy rates contribute to its overall financial strength and attractiveness to discerning investors. This is a truly exceptional opportunity not to be missed.
Value Estimations
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Location Insight
- Map
- Local Demand
- City
- Yonkers
- County
- Westchester County
- State
- New York
- Longitude
- -73.89589
- Latitude
- 40.91616
