75 Saint Andrews Place

Description

An outstanding opportunity to acquire a well-maintained 9-family brick apartment building in one of Yonkers' established residential neighborhoods. Situated on a prominent corner lot, this income-producing asset offers an ideal combination of strong rental appeal, durable construction, and significant upside potential, making it an excellent addition to any investor's portfolio. The property consists of eight spacious three-bedroom apartments, a highly sought-after unit mix that consistently attracts long-term tenants and commands strong rental demand. Each apartment features beautiful hardwood floors, soaring high ceilings, generous room sizes, and a private bonus porch, providing tenants with additional outdoor living space that is rarely found in comparable multifamily properties. The oversized layouts offer comfortable living accommodations for families while enhancing the property's long-term rental desirability. The ground level includes a separate two-bedroom apartment with its own private walk-out entrance, creating additional flexibility for rental opportunities. Whether utilized as a traditional rental unit, owner's unit, or for other permitted uses, this apartment adds further value and versatility to the property. Constructed of solid brick, the building offers the durability, low-maintenance exterior, and timeless appeal that investors seek. Positioned on a corner parcel, the property benefits from increased visibility, additional natural light throughout the building, and convenient accessibility from two streets. One of the property's standout features is its dual driveway configuration, with two separate driveways located on opposite sides of the building, providing valuable off-street parking for tenants—an increasingly desirable amenity in the Yonkers rental market. This added convenience enhances tenant satisfaction and contributes to long-term occupancy. The building also boasts a large full unfinished basement with exceptional ceiling height and tremendous potential. Currently ideal for storage, the expansive lower level presents an excellent opportunity to install a shared laundry facility, creating an additional source of recurring income while increasing the property's overall value. There is also ample room for tenant storage, mechanical improvements, or other value-add amenities, subject to local approvals. Investors will appreciate the property's highly desirable unit configuration, substantial square footage, and multiple opportunities to increase cash flow through strategic improvements. Large three-bedroom apartments remain in high demand, providing stability and strong tenant retention. Combined with the property's solid brick construction, corner location, off-street parking, and untapped income potential, this asset represents a compelling long-term investment. Whether you're looking to expand an existing multifamily portfolio or acquire a high-performing asset with future upside, this rare Yonkers offering delivers the fundamental's experienced investors are searching for: strong rental demand, durable construction, attractive unit layouts, valuable tenant amenities, and opportunities to enhance revenue. Don't miss the chance to own this exceptional multifamily investment in the thriving Yonkers market.