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123 S 1st Ave 7 Unit Apartment Building $2,000,000 ($285,714/Unit) 7.22% Cap Rate Mount Vernon, NY 10550
Investment Highlights
- 3 Multi-Famillies total of 7 Units
- Multi-Family located in Mount Vernon
- Great Investment Opportunity in Mount Vernon
Executive Summary
Prime Investment Opportunity in a High-Demand Area!
This rare package includes three multi-family homes situated right next to each other, offering a total of 7 rental units. The breakdown includes one 3-family property, one 2-family, and another 2-family—making it an ideal setup for investors seeking strong, diversified income in a single location.
Each building offers spacious layouts with great rental potential. The properties can be managed collectively for efficiency or individually for flexibility. Whether you're looking to expand your real estate portfolio or begin investing in multi-family income properties, this is an opportunity you don’t want to miss.
Close to transportation, shopping, schools, and other amenities, these homes are perfectly positioned for long-term growth and stable cash flow.
*Information Believed to be True but Not Warranted
This rare package includes three multi-family homes situated right next to each other, offering a total of 7 rental units. The breakdown includes one 3-family property, one 2-family, and another 2-family—making it an ideal setup for investors seeking strong, diversified income in a single location.
Each building offers spacious layouts with great rental potential. The properties can be managed collectively for efficiency or individually for flexibility. Whether you're looking to expand your real estate portfolio or begin investing in multi-family income properties, this is an opportunity you don’t want to miss.
Close to transportation, shopping, schools, and other amenities, these homes are perfectly positioned for long-term growth and stable cash flow.
*Information Believed to be True but Not Warranted
Property Facts
| Price | $2,000,000 | Property Subtype | Apartment |
| Price Per Unit | $285,714 | Apartment Style | Townhome |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 7.22% | Lot Size | 0.15 AC |
| Sale Condition | High Vacancy Property | Building Size | 17,860 SF |
| No. Units | 7 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1965/2015 |
| Zoning | RMF-10 - RMF-10 zoning allows medium-density residential development, including multi-family buildings, with a maximum of 10 dwelling units per acre. | ||
| Price | $2,000,000 |
| Price Per Unit | $285,714 |
| Sale Type | Investment |
| Cap Rate | 7.22% |
| Sale Condition | High Vacancy Property |
| No. Units | 7 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Townhome |
| Building Class | C |
| Lot Size | 0.15 AC |
| Building Size | 17,860 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1965/2015 |
| Zoning | RMF-10 - RMF-10 zoning allows medium-density residential development, including multi-family buildings, with a maximum of 10 dwelling units per acre. |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 10+3 | 3 | - | - |
| 7+2 | 2 | - | - |
| 5+2 | 2 | - | - |
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Exceptionally walkable
90/100
Fairly drivable
40/100
Strong public transit
80/100
Moderately bikeable
60/100
Property Taxes
| Parcel Number | 0800-165-079-03125-000-0025 | Improvements Assessment | $4,000 |
| Land Assessment | $4,000 | Total Assessment | $8,000 |
Property Taxes
Parcel Number
0800-165-079-03125-000-0025
Land Assessment
$4,000
Improvements Assessment
$4,000
Total Assessment
$8,000
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123 S 1st Ave