For Sale
$2,600,000

11 Lawrence St Yonkers, NY 10705

Eleven 5-Bedroom Units, High ROI

Overview

Added:
Feb 3
Days on market:
73
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 Details for 11 Lawrence St

Property type
Commercial real estate
Square Feet
16,020 SF
Year Built
1913
Lot Size (sq. ft)
3,485 SF

Location Insight

City
Yonkers
County
Westchester County
State
New York
Latitude
40.91616
Longitude
-73.89589
11 Lawrence St, Yonkers, New York

FAQs

What type of property is this?
Commercial real estate - Eleven 5-Bedroom Units, High ROI
Where is the commercial real estate located?
The property is located at 11 Lawrence St Yonkers, NY.
What is the asking price?
The asking price for this property is $2,600,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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11 Lawrence St
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