Mount Vernon, NY 10550

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.0 Acres

Financials

Price:$975,000
Annual Taxes:$42,792.12
505 Park Ave, New York, NY 10022
Listing Courtesy of The Immobilier Group LLC

Excellent opportunity to acquire a mixed use property featuring three residential apartments above and a 920 sq.

Description

Excellent opportunity to acquire a mixed-use property featuring three residential apartments above and a 920 sq. ft. ground-level storefront/office space in a prime Mount Vernon location, offering strong potential for owner-use or additional rental income. The commercial space features high visibility and flexibility, making it ideal for retail, office, medical, or professional use. Above the commercial unit are three residential apartments, all currently occupied with tenants on month-to-month leases, providing immediate cash flow with future repositioning potential: One (1) one-bedroom apartment One (1) two-bedroom apartment One (1) three-bedroom apartment The property also includes a spacious 920 sq. ft. basement, offering added value for storage, expansion, or build-out possibilities. Conveniently located near downtown Mount Vernon, the Bronx River Parkway, and Metro-North, the property benefits from strong accessibility and visibility, appealing to both residential tenants and commercial users. Property Highlights: Mixed-use building: commercial + residential 920 sq. ft. ground-floor storefront/office Three income-producing apartments (month-to-month leases) An additional 920 sq. ft. basement Excellent opportunity for additional income or owner occupancy High-traffic, well-connected location Ideal for investors or end-users seeking a versatile property with existing income and long-term upside.

Amenities

  • Electricity Connected
  • Natural Gas Connected

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.