1. New York
2. Yonkers
3. 20 Locust Hill Avenue

20 Locust Hill Avenue, Yonkers, NY 10701

• 11,875 sqft

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.

Listing Status:

Active

Listing Office:

Berkshire Hathaway HS NY Prop : 914-723-5225

MLS ID:

865661

Interior

• Basement: Partially Finished
• A/C: None
• Heating: Natural Gas

Location

Lot

Utilities

Financial

This listing courtesy of Berkshire Hathaway HS NY Prop