Property summary
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.
Property profile
VerifiedCap rate & NOI
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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