425 S 8th Avenue, Mount Vernon, NY 10550
- $1,600,000
- List Price
- $1,600,000
- Days on Market
- 68
- MLS#
- 1002952
- Status
- ACTIVE
- Property Type
- Multi Family
- Year Built
- 1952
- Property Tax
- $22,530
- Neighborhood
- Mount Vernon
- School District
- Mount Vernon
- High School
- Mt Vernon High School
- Jr. High
- Benjamin Turner Middle School
- Elementary School
- Cecil H Parker School
Property Description
Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don’t miss out on this unique opportunity it won’t last long
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Additional Information
- Parking
- Parking Lot
- Basement
- Full
- Heating
- Baseboard, Natural Gas
- Cooling
- Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Michael J. Venuto (mikev@linknyrealty.com) from Listing Office: Link NY Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.