11 Lawrence St Yonkers, NY 10705

Property Details for 11 Lawrence St

Year built

1913

Lot size

0.08 lot acres

Property size

16,020 SF

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.