Description
ATTENTION BUILDERS, INVESTORS AND 1031 EXCHANGERS! Incredible investment opportunity to build 10 RES UNITS in downtown Yonkers close to the water front! APPROVED ZONING already in place for 10 units and 5 parking spaces. All the hardwork of getting ZONING APPROVAL complete - just need to build, and watch the cash flow pour in! Gross annual rent estimated to be around $240K+ and cost to build estimated around $1.3M. Property being offered at approx 8.7% CAP RATE! Make an offer before the end of the tax year!
-
0BEDS
-
0.19ACRES
-
0BATHS
-
01/2 BATHS
School Information
Description
ATTENTION BUILDERS, INVESTORS AND 1031 EXCHANGERS! Incredible investment opportunity to build 10 RES UNITS in downtown Yonkers close to the water front! APPROVED ZONING already in place for 10 units and 5 parking spaces. All the hardwork of getting ZONING APPROVAL complete - just need to build, and watch the cash flow pour in! Gross annual rent estimated to be around $240K+ and cost to build estimated around $1.3M. Property being offered at approx 8.7% CAP RATE! Make an offer before the end of the tax year!
© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2023-12-07T14:19:36.07.