Multi Family 2-4 in Westchester County
| MLS Number | 987284 |
|---|---|
| Address | 314 S 5th Street, Mount Vernon, NY 10550 show map |
| Price | $1,499,999 show mortgage calculator |
| Acres | 0 |
| Year Built | 1960 |
| Est. Sq. Footage | 0 |
| Elementary School | Cecil H Parker School |
| Jr High-Middle School | Benjamin Turner Middle School |
| High School | Mt Vernon High School |
| Estimated Taxes | $21,000 |
| Total Apt Units | 3 |
| Total Bedrooms | 7 |
| # 2 Brs | 2 |
| # 3 Brs | 1 |
Great Opportunity to Own a Fully Rented Mixed-Use Property! This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential. Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township). The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout. Ideal for investors seeking a turnkey property with reliable cash flow and long-term upside.
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