425 S 8th Ave
mount vernon, NY 10550$1,600,000
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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
Details
5,142 Sq Ft
commercial
$1,878 Monthly Tax
Built in 1952
MLS/Listing ID 1002952
7 Units
Amenities & Features
Construction - Brick
Cooling - Wall/window unit(s)
Heating - Natural Gas
Heating - Baseboard
Parking - Parking Lot
Public Sewer
Public Water
Estimate my mortgage
TOTAL MONTHLY COST
$0
- PRINCIPAL & INTEREST
$0
- PROPERTY TAXES
$0
- Common Charges
$0
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