416 Highland Avenue, Mount Vernon, NY 10553

$500,000
  • 416 Highland Avenue, Mount Vernon, NY 10553 Main Photo

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Pending
BEDS5 BATHS2 full MLS#884292
STATUSPending PROPERTY TYPEMulti Unit - Multiple SCHOOLMount Vernon

Property Description

Calling all investors, builders, and visionaries, this fire-damaged legal 2-family offers endless upside just minutes from NYC!Located on a tree-lined street in the heart of Mount Vernon, this spacious 3,000 sq ft two-family home features a 1-bedroom unit over a 4-bedroom unit, the perfect setup for extended family, rental income, or dual investment. A large front sitting porch, mature landscaping, private driveway, and backyard complete the picture, all waiting to be brought back to life with your vision and skill.The home sustained fire damage and is not currently habitable. It is being sold strictly as-is, with no repairs or clean-out by the seller. Buyer is responsible for all due diligence, including permits and obtaining a new certificate of occupancy after closing.Cash buyers or rehab financing only. Property will not qualify for traditional mortgage financing in current condition.This is a rare opportunity to create your dream home while generating rental income, or to fully renovate and rent both units in a high-demand area. With imagination and investment, this property can be transformed into a beautiful multi-family residence that pays for itself over time.Transit & Access Highlights: 6-minute walk to Metro-North Mount Vernon East Station, ideal for NYC commuters 4-6 minute drive to I-95 via Hutchinson River Parkway Local bus service (routes 42/53/55) just 3 minutes awayDon't miss your chance to restore and reimagine this diamond in the rough, a rare investor opportunity in this price range, especially in a market where inventory is extremely limited.

416 Highland Avenue | MLS# 884292

This multi-family property located at 416 Highland Avenue, Mount Vernon, NY 10553 is currently listed for sale with an asking price of $500,000. Highland Avenue is located within the Mount Vernon school district. Search Mount Vernon real estate on www.coldwellbankerchoice.com today.

Property Features

Property Type: Multi Unit - Multiple
Basement: Walk-Out Access
Basement: Yes
Cooling: None
Garage: 2
Heating: Oil, Other
Home Style: Colonial
Lot Size: 0.11 Acres
Taxes: $8,497
Year Built: 1920

Amenities

Other

Feature Descriptions

Building Area Total: 3000
Days on Site: 274
Exterior: Frame
GarageY/N: Yes
On Market Date: 2025-07-01
Parcel Number: 0800-169-026-04074-000-0007
Rental Term: Monthly
Road Responsibility: Public Maintained Road
Sewer: Public Sewer
Units: 2
Utilities: Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public

Local Schools

High School: Mt Vernon High School
Middle School: Benjamin Turner Middle School
Elementary School: Graham
School District: Mount Vernon

Listed By / Shown By

Listing By

Agency Name: Keller Williams Realty Group
Agency Contact: 914-713-3270

Shown By

Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)

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Estimated Payment

$ 1,966.70 per month $1,112.78 Principal & Interest $708.08 Property Tax $145.83 Homeowner's Insurance

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