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Multi Family 2-4 in Westchester County
MLS Number952048
Address142 N Terrace Avenue, Mount Vernon, NY 10550 show map
Price$995,000 show mortgage calculator
Acres0.076101928374656
Year Built1940
Est. Sq. Footage0
Elementary SchoolHamilton
Jr High-Middle School
High School
Estimated Taxes$16,500
Total Apt Units4
Total Bedrooms10
# 1 Brs1
# 2 Brs1
# 3 Brs1
# 4 Brs1
Remarks

This property is being sold based on the HUGE Rental revenue, Positive cash flow and Renovated BEAUTIFUL condition. The property consists of 3 UNITS PLUS a finished walkout Garden apartment with a legal kitchen and bath. Units consist of the following: 4 bedroom 2 bath ( $2929 Monthly Rent) 3 bedroom 1 bath ( Currently Vacant) , 2 bedroom 1 bath ($2537 Rent) , 1 bedroom 1 bath ( $1830 rent) . Currently the 3 bedroom apartment is vacant and the property is still grossing over $87,000 per year!! Why only live rent free when you can live in this apartment and still generate a positive cash flow!! When this apartment is rented out the Building Gross Rental Revenue is a WHOPPING $121, 752. Yes you read correctly- $121, 752!!!! As a bonus Tenants pay for their own cooking gas, electric and hot water. This is a rarity amongst Multi Families and makes this your perfect home or investment cash cow!!

Amenities

This listing is Courtesy of Bayview Realty (917-439-3258).

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