85 Tibbetts Rd Yonkers, NY 10705-4673

Property Details for 85 Tibbetts Rd

Year built

1967

Lot size

0.25 lot acres

Property size

6,812 SF

Zone code

BA

Property type

Investment properties

Property subtype

Retail residential properties

APN

551800 1.-64-1

APU

5518001641

Description

This exceptional Yonkers, NY property presents a rare investment opportunity. The well-maintained brick building boasts 6,812 square feet on a 0.25-acre lot, strategically located just 30 minutes from Manhattan. Its prime location offers easy access to major highways, shopping centers, and schools, ensuring high tenant demand. The building comprises four residential apartments, each featuring two bedrooms, and three retail storefronts. All units are currently occupied by long-term tenants on month-to-month agreements, providing immediate cash flow. The apartments are in excellent condition, promising consistent rental income. The three storefronts offer significant potential for increased revenue through lease renegotiation or redevelopment. This property is ideal for an investor seeking a stable, high-return investment with substantial upside potential. The existing tenants have a history of good standing, minimizing vacancy risks. The combination of residential and commercial units creates a diversified income stream, mitigating potential market fluctuations. This is a turnkey opportunity to acquire a well-positioned, income-generating asset in a thriving area. Don't miss this chance to secure a valuable piece of Yonkers real estate.

Location Insight

City

Yonkers

County

Westchester

State

New York

Longitude

-73.8835

Latitude

40.9105

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments