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Mount Vernon NY, 10550 $1,450,000

Multi Family Commercial , 5000 SqFt 

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Details ML#: H6296032  

  • # of Families: 5
  • Sale or Rent:Sale
  • Year Built: 1920
  • Taxes: $28,676
  • Status:Active

Description

Located in the heart of Mount Vernon, this Legal 5 family property presents a compelling investment opportunity. Comprising five fully occupied units, it offers immediate income generation in a highly desirable neighborhood. Tenants benefit from easy access to local amenities, schools, parks, shopping centers, and are within walking distance to the Metro North Train and buses, enhancing tenant retention and property value appreciation. The property includes a 14-space private parking lot, offering the convenience of off-street parking for tenants at $125 per space per month. This amenity not only adds value to the property but also attracts quality tenants, further solidifying its investment potential. With RMF15 zoning, there’s significant potential for expansion or redevelopment, providing investors with flexibility and future value appreciation opportunities. Whether seeking immediate cash flow or long-term value, this property is a must-see for savvy investors. Contact us today to schedule a private viewing and explore the lucrative possibilities this investment holds.

More Property Details

Room Information

Bedroom: 11   Full Bath: 5  

Property Features

Lot Size: 0.28   Lot Sq Ft: 12197   Approx. Int. Sq. Ft.: 5000.00   Parking Spaces: Yes   Parking Spaces: 14   Parking Facilities: Driveway, Off Street, Private  

Appliances & Utilities

Heat: Oil   A/C: Wall/Window Unit(s)   Water: Public   Sewer: Public Sewer  

Financial

Taxes: $28,676  

Local Area Information

School District: Mount Vernon  

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Listing Information provided courtesy of Charles Rutenberg Realty, Inc. OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS