This well maintained 14 room and 2 Studios boarding house presents an excellent investment opportunity, offering strong rental potential and steady cash flow.


Property

Website:https://www.nestseekers.com/5237206
Address:
Mount Vernon, NY 10550
Ownership: For Sale
Type: Multi-Family
Lot Size: 0.0 Acres

Financials

Price:$1,333,000
Annual Taxes:$28,389

Description

This well-maintained 14-room and 2 Studios boarding house presents an excellent investment opportunity, offering strong rental potential and steady cash flow. The boarding house features sixteen private rooms, each generously sized and designed to accommodate one or two occupants. Common areas include a shared kitchen equipped with ample storage and cooking facilities, multiple shared bathrooms and restrooms to support tenant needs, and a comfortable communal living or dining area that encourages a friendly residential atmosphere. Located in a convenient area close to public transport, shops, schools, and local amenities, this boarding house is ideal for workers, or short- to medium-term residents. With consistent demand for affordable accommodation, this property represents a solid opportunity for investors or owner-operators seeking reliable income with potential for future growth. The property benefits from good natural light, proper ventilation, and durable finishes designed for low maintenance and long-term use.

Amenities

  • Sewer Connected
  • Trash Collection Public
  • Water Connected

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of ERA Insite Realty Services