29 Saint Andrews Place | Yonkers
Located in Yonkers (10705) turnkey/ Non-ETPA Regulated 12-unit SRO/rooming house; offers investors a rare opportunity to acquire both the income-producing property and the established room-rental business. The property is fully operational and generates strong cash flow with upside potential.\r\n\r\nThe building currently produces $168,000 in gross annual income with low operating expenses of approximately $35,500, resulting in a net operating income of $132,500. At the current asking price, the investment delivers an approximately 8% cap rate.\r\n\r\nIn addition to the real estate, the rooming house business is included in the sale, allowing the buyer to step into a fully functioning rental operation from day one.\r\n\r\nThe property also benefits from zoning in Yonkers that permits short-term rentals, providing investors the option to increase revenue through platforms such as Airbnb or other short-term rental models.\r\n\r\nA 7-car driveway parking lot is included, providing additional convenience and value for tenants and guests.\r\n\r\nThis is an excellent opportunity for investors seeking stable income, strong cash flow, and future upside through short-term rental conversion or rent optimization. Owner is Licensed Real Estate Agent. OneKeyMLS 977900
Directions to property: GPS 31 or 29 St. Andrews Place Yonkers, NY 10705
