BEDS10
BATHS5 full
MLS#952048
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMount Vernon
Property Description
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!! Selling at approximately 8.5 % Cap rate. All program rents increase at approximately 3.5 % per year so cash flow will grow each year.
Property Features
Property Type: Multi Unit - Multiple
Basement: None
Cooling: None
Heating: Baseboard, Natural Gas, Other
Lot Size: 0.08 Acres
Taxes: $16,500
Year Built: 1940
Amenities
Other
Feature Descriptions
Days on Site: 10
Exterior: Brick
Heating Units: 1
On Market Date: 2026-01-14
Parcel Number: 0800-164-060-01074-000-0005
Parking Features: Off Street
Rental Term: Monthly
Separate Electric Meters: 4
Separate Gas Meters: 4
Sewer: Public Sewer
Units: 4
Utilities: Natural Gas Connected, Trash Collection Public
Water: Public
Local Schools
Elementary School: Hamilton
School District: Mount Vernon
Listed By / Shown By
Listing By
Agency Name: Bayview Realty
Agency Contact: 917-439-3258
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
Estimate Your Payment
Estimated Payment
$ 4,131.37 per month $2,437.00 Principal & Interest $1,375.00 Property Tax $319.38 Homeowner's InsuranceChange Payment Information
Broker Headquarters, 621 Columbia St. Suite 800, Cohoes, NY 12047
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142 N Terrace Avenue | MLS# 952048
This multi-family property located at 142 N Terrace Avenue , Mount Vernon, NY 10550 is currently listed for sale with an asking price of $1,095,000. N Terrace Avenue is located within the Mount Vernon school district. Search Mount Vernon real estate on www.coldwellbankerchoice.com today.