Property Details

Overview

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.