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MULTI_FAMILY - Yonkers, NY
127-131 Highland Avenue - Fully Renovated Free-Market 8-Unit with Bonus Land This all-brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store - all fully renovated and stabilized with long-term tenants in place. Each unit features separate boilers and utilities, meaning tenants cover their own expenses while the landlord is only responsible for water. Although the building presents as a single structure, it is legally configured as three separate properties (a two-family, a three-family, and a mixed-use two-family with store) - each with its own deed and tax lot. Adding further value, the sale includes a bonus parcel of land at 114 Stanley Avenue, currently used by tenants as a private outdoor space. This parcel offers future development potential or continued use as a yard. With its solid brick construction, full renovations, and prime free-mar...
127-131 Highland Avenue - Fully Renovated Free-Market 8-Unit with Bonus Land This all-brick, turnkey property is a rare investment opportunity offering 7 apartments plus a retail store - all fully renovated and stabilized with long-term tenants in place. Each unit features separate boilers and utilities, meaning tenants cover their own expenses while the landlord is only responsible for water. Although the building presents as a single structure, it is legally configured as three separate properties (a two-family, a three-family, and a mixed-use two-family with store) - each with its own deed and tax lot. Adding further value, the sale includes a bonus parcel of land at 114 Stanley Avenue, currently used by tenants as a private outdoor space. This parcel offers future development potential or continued use as a yard. With its solid brick construction, full renovations, and prime free-market status, 127-131 Highland Avenue offers both immediate cash flow and long-term upside in one of Yonkers' most sought-after investment corridors.
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