314 S 5th Street Mount Vernon, NY 10550
7 Beds
4 Baths
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 987284
Bedrooms 7
Full Baths 4
Rental Info No
Year Built 1960
Annual Tax Amount $21,000
Property Sub-Type Triplex
Source onekey2
Property Description
This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential.
Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township).
The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout.
Ideal for investors seeking a turnkey property with reliable cash flow and long term upside.
Location
State NY
County Westchester County
Rooms
Basement Finished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Baseboard
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Parking Lot
Garage Spaces 2.0
Utilities Available Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Foam Insulation,Stucco
Schools
Elementary Schools Cecil H Parker School
Middle Schools Benjamin Turner Middle School
High Schools Mount Vernon
School District Mount Vernon
Others
Senior Community No
Special Listing Condition None
Nearby Locations