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$ 1,600,000
Est. payment /mo
New
20 Locust Hill AVE Yonkers, NY 10701
7,840 Sqft Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 865661
Rental Info No
Year Built 1910
Annual Tax Amount $21,260
Lot Size 7,840 Sqft
Acres 0.18
Property Sub-Type Multi Family
Source onekey2
Property Description
Calling all investors...rare opportunity to own a solid brick 9 family-income producing building in the heart of Yonkers' - Hollywood on the Hudson and Downtown Revitalization Initiative. Located just .5 miles from Metro North, the new waterfront renaissance area and Lion's Gate Hollywood Studios, this property presents a potential profitable investment to park your money in. Nine spacious 3 bedroom ,1 bath units with a large walkout basement and ample rear yard. Each unit has an eat-in kitchen, living room, dining space, 3 bedrooms, den (4th bedroom), bathroom and ample closets. The building is currently rent stabilized with a yearly income of $151,000 (increases - not reflected here - will take effect June 2025) and is fully occupied by long term tenants. Walk out lower level consists of the 9th unit, utility room, work room and storage. Gas heat. Tenants pay for cooking gas and electricity. Building is being sold "AS-IS". Walk to Getty Square and centrally located to bus, train, shopping centers, major parkways and 28 minutes to Manhattan. Get in before the Revitalization Initiative is complete and these great investment opportunities are no longer available. Won't last.
Location
State NY
County Westchester County
Rooms
Basement Partially Finished
Interior
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Utilities Available Natural Gas Connected
Building
Foundation Block, Brick/Mortar
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Yonkers
Middle Schools Call Listing Agent
High Schools Contact Agent
Others
Special Listing Condition None
Virtual Tour https://jumpvisualtours.com/u/482955
Listed by Berkshire Hathaway HS NY Prop