Multi Family 5+ in Westchester County
| MLS Number | 1002952 |
|---|---|
| Address | 425 S 8th Avenue, Mount Vernon, NY 10550 show map |
| Price | $1,600,000 show mortgage calculator |
| Acres | 0 |
| Year Built | 1952 |
| 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 | $22,530 |
| Total Apt Units | 7 |
Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don’t miss out on this unique opportunity it won’t last long
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