Home Details for 29 Saint Andrews Place

Located in Yonkers (10705), this legal 12-unit 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. The 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. In 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. The 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. A 7-car driveway parking lot is included, providing additional convenience and value for tenants and guests. This 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.

• Utilities

  • Natural Gas Available
  • Cable Connected
  • Electricity Connected
  • Natural Gas Connected
  • Sewer Connected
  • Water Connected

• Parking

  • Assigned
  • Driveway
  • Off Street
  • Parking Lot

• Heating Information

  • Hot Water
  • Natural Gas
  • Steam

• Basement

  • Full
  • Storage Space
  • Walk-Out Access

• Cooling Information

  • Wall/Window Unit(s)

• Water Features

  • Public