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48 S Bleeker St 5 Unit Apartment Building $1,200,000 ($240,000/Unit) 8% Cap Rate Mount Vernon, NY 10550
EXECUTIVE SUMMARY
Five-family property for sale in the heart of Mount Vernon, featuring all 2-bedroom, 1-bathroom units. This impeccably maintained building was recently gut-renovated from top to bottom, offering modern finishes and strong infrastructure. All units feature high ceilings of approximately 9 feet, adding to the sense of space and light. Additional amenities include a coin-operated laundry room, tenant storage room, security camera system, and a spacious backyard. Each unit is separately metered for heat, hot water, gas, and electricity, keeping ownership expenses low. Currently rented below market value, this property offers strong upside potential and is an excellent investment opportunity.
PROPERTY FACTS
| Price | $1,200,000 | Apartment Style | Low-Rise |
| Price Per Unit | $240,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.08 AC |
| Cap Rate | 8% | Building Size | 10,500 SF |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1950 |
| Property Subtype | Apartment |
| Price | $1,200,000 |
| Price Per Unit | $240,000 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.08 AC |
| Building Size | 10,500 SF |
| No. Stories | 2 |
| Year Built | 1950 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Oven
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 5 | - | - |
1 1
Walk Score®
Very Walkable (84)
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 0800-164-076-01065-000-0020 | Improvements Assessment | $17,100 |
| Land Assessment | $1,900 | Total Assessment | $19,000 |
PROPERTY TAXES
Parcel Number
0800-164-076-01065-000-0020
Land Assessment
$1,900
Improvements Assessment
$17,100
Total Assessment
$19,000
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48 S Bleeker St
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