Mount Vernon NY, 10550
$1,450,000
Multi Family
Commercial
, 5000 SqFt
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
Bedroom: 11
Full Bath: 5
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
Heat: Oil
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $28,676
School District: Mount Vernon
Listing Information provided courtesy of
Charles Rutenberg Realty, Inc.
516-575-7500