Remarks
Fully rented 2-family home in Mount Vernon offering strong income and a great layout for long-term investment. The first-floor unit features 2 bedrooms and 1 full bath, with a spacious eat-in kitchen and private side entrance. The second-floor unit offers 3 bedrooms and 1.5 baths, accessed through the front. A private foyer and staircase, with a screened-in porch for added outdoor space. Both units have hardwood floors, plenty of closet space and are in good condition. There's a full basement with access from the front and side yard, a utility room, and space for potential laundry hookups. The backyard is used by the tenants, who are responsible for keeping it clean. A shed is included with the sale. The property generates a total annual gross income of $58,800. 2 bed unit pays $2,200 and 3 bed unit pays $2,700. Estimated annual expenses are approximately $15,200, including insurance, utilities (Con Edison), water/refuse, and maintenance. Net Operating Income (NOI) $43,600, offering a cap rate of approximately 5.46% at the current asking price. The first-floor lease has expired and the tenants would like the opportunity to stay. The second-floor lease runs through Nov-Dec 2025. The first floor and basement can be shown at any time; the second-floor unit is available for viewing after 6 PM or on weekends. All tenants will provide access. Located close to transit, shops, and schools—don’t miss this opportunity. Schedule your tour today!
