14 E Sandford Blvd - Apartments FOR SALE


Mount Vernon, NY 10550- South Side
$1,650,000 USD
347-584-6993
14 E Sandford Blvd, Mount Vernon, NY for Sale
$1,650,000 USD
Apartments - FOR SALE
1/12
null | 6.65% Cap Rate

14 E Sandford Blvd
Mount Vernon, NY 10550
South Side


OVERVIEW

Exceptional investment opportunity with significant upside through increasing current rents to market rate. Welcome to 14 E. Sandford Blvd, a well-maintained six unit multifamily property that was extensively rebuilt from the foundation up in 2015, including new electrical, plumbing, roofing, and major building systems. The property consists of six spacious 3 bedroom, 2 bathroom apartments, each featuring central heating and air conditioning, hardwood floors, large kitchens, ample closet space, and an open-concept living, dining, and kitchen area. All six apartments were renovated as part of the building’s extensive 2015 reconstruction. Additional amenities include a coin-operated laundry room in the basement and a private storage room for each tenant, providing additional convenience and value. Tenants are responsible for their own heat, hot water, electricity, and cooking gas, helping to keep the owner’s operating expenses low With major improvements already completed, this is an excellent opportunity for an investor seeking a well maintained asset with no deferred maintenance and substantial income growth potential. The property is currently operating at approximately a 6.65% cap rate, with the potential to achieve an 11%+ cap rate as rents are increased toward market levels. A compelling opportunity to acquire a turnkey multifamily asset with strong current income and significant long term upside.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$92 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

6.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1924

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,227 SF

ZONING

NB

APN/PARCEL ID

0800-169-039-03106-000-0011

ASK ABOUT THIS PROPERTY

Michael VenutoLink NY RealtyMore Info
347-584-6993

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Michael VenutoLink NY RealtyMore Info
347-584-6993

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.