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544 E 3rd St 4 Unit Apartment Building $784,999 ($196,250/Unit) 7.95% Cap Rate Mount Vernon, NY 10553
Investment Highlights
- Building Tour 24/7 Contact Me For Info!
- Walk To Pelham
- Exclusively Retained By Lone Peak Realty.
- Easy to manage, 100% Occupied
- 7.9% Cap
- All units fully renovated less than 1Y
Executive Summary
FOR SALE $784,999/Investor's Dream /3-Fam / 4 Rentable Units/ Fully Occupied/ Easy to Manage!
544 E Third Street, Mount Vernon, NY 10553
Building Tour 24/7 Contact Me For Info!
Mount Vernon Heights. South Side Mount Vernon, Walk to Pelham. Please feel free to drive by and let me know if are you interested. There are 3 units on the C of O. MV legally permits to add an additional unit therefore, 4 separate electric meters. Common boiler; steam All units fully renovated less than 1Y (2) XL 3 bed (1) 2 Bed (1) 1 Bed- all 1 bath. 7.9% Cap. Attached.
Exclusively Retained By Lone Peak Realty.
POF and closing timeline required for all tours.
#investmentrealestate #mountvernon #newyork #realty #multifamily
544 E Third Street, Mount Vernon, NY 10553
Building Tour 24/7 Contact Me For Info!
Mount Vernon Heights. South Side Mount Vernon, Walk to Pelham. Please feel free to drive by and let me know if are you interested. There are 3 units on the C of O. MV legally permits to add an additional unit therefore, 4 separate electric meters. Common boiler; steam All units fully renovated less than 1Y (2) XL 3 bed (1) 2 Bed (1) 1 Bed- all 1 bath. 7.9% Cap. Attached.
Exclusively Retained By Lone Peak Realty.
POF and closing timeline required for all tours.
#investmentrealestate #mountvernon #newyork #realty #multifamily
Financial Summary (Actual - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$105,000
|
$23.33
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$105,000
|
$23.33
|
| Taxes |
$17,000
|
$3.78
|
| Operating Expenses |
$40,000
|
$8.89
|
| Total Expenses |
$57,000
|
$12.67
|
| Net Operating Income |
$48,000
|
$10.67
|
Financial Summary (Actual - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $105,000 |
| Annual Per SF | $23.33 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $105,000 |
| Annual Per SF | $23.33 |
| Taxes | |
|---|---|
| Annual | $17,000 |
| Annual Per SF | $3.78 |
| Operating Expenses | |
|---|---|
| Annual | $40,000 |
| Annual Per SF | $8.89 |
| Total Expenses | |
|---|---|
| Annual | $57,000 |
| Annual Per SF | $12.67 |
| Net Operating Income | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $10.67 |
Property Facts
| Price | $784,999 | Apartment Style | Low-Rise |
| Price Per Unit | $196,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| Cap Rate | 7.95% | Building Size | 4,500 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built/Renovated | 1925/2019 |
| Price | $784,999 |
| Price Per Unit | $196,250 |
| Sale Type | Investment |
| Cap Rate | 7.95% |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 4,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2019 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+1 | 1 | - | - |
| 3+1 | 2 | - | - |
1 1
Moderately walkable
70/100
Moderately drivable
70/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 0800-165-082-04029-000-0038 | Total Assessment | $13,000 |
| Land Assessment | $2,000 | Annual Taxes | $17,000 ($3.78/SF) |
| Improvements Assessment | $11,000 | Tax Year | 2025 |
Property Taxes
Parcel Number
0800-165-082-04029-000-0038
Land Assessment
$2,000
Improvements Assessment
$11,000
Total Assessment
$13,000
Annual Taxes
$17,000 ($3.78/SF)
Tax Year
2025
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544 E 3rd St