In the residential area near Cochran Park in Yonkers, a cash-cow opportunity - 7 family investment property. The building is in great condition in and out, and well taken care off. There is (1) 2 bedroom and (6) 2 bedroom+den apartments, all with living room, eat-in-kitchen, and bathrooms. All the tenants are long term, and rents are under market value. The property also features 2 parking spots, 3 porches, and 4 decks. The total income is $102,516, and expenses including taxes are about $41,860; leaving you with a cap rate of over 9%! The investment property offers a unique opportunity. The first floor level has a super's shop. All the apartment have a balcony. The building is meticulously taken care of by the owner. The property offers two parking spots. So many benefits to mention! Come and see it for yourself!
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
