421 S Fulton Ave - Apartments FOR SALE


Mount Vernon, NY 10553- South Side
$1,300,000 USD
347-584-6993
421 S Fulton Ave, Mount Vernon, NY for Sale
$1,300,000 USD
Apartments - FOR SALE
1/4
null | 5.65% Cap Rate

421 S Fulton Ave
Mount Vernon, NY 10553
South Side


OVERVIEW

This property consists of 9 units featuring 3 one bedroom apartments and 6 two bedroom apartments. The building has been fully gut renovated and includes all new electrical and plumbing systems, a new roof, and completely renovated apartments throughout. The property is beautifully maintained with no deferred maintenance. Each unit is equipped with its own Navien heating system, with tenants responsible for their own heat and hot water, offering efficient operating expenses. Coin operated laundry room in the basement and storage for each tenant. This is is a strong income-producing asset that is fully occupied and well positioned for stable, long-term performance. Rent Stabilized. Long term tenants

FOR SALE DETAILS

PRICE

$1,300,000 USD

PRICE/SF

$271 USD /SF

# OF UNITS

9

PRICE/UNIT

$144,444

CAP RATE

5.65%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

421-423 S Fulton

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

4,070 SF

ZONING

R3

APN/PARCEL ID

0800-169-032-04061-000-0048

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.