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For SaleLuxury

$1,600,000

168 days on market

425 S 8th Avenue

Mount Vernon, NY 10550

· 8% down, 7% APR, 30yr fixed

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Beds

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Baths

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Square feet

1952

Built

Listing narrative

Description

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

Listing agent (MLS): Michael J. Venuto · Listing brokerage (MLS): Link NY Realty

Property Details

Key facts from the live listing feed are grouped here for quick review. Only fields confirmed by the active source are shown.

Price

$1,600,000

Beds

Beds n/a

Type

Commercial

MLS subtype

Multi Family

Home Size

Sqft n/a

Baths

Baths n/a

Year

1952

Status

For Sale

Days on Market

168

· 8% down, 7% APR, 30yr fixed
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Courtesy of Link NY Realty