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3 Units * Renovated * Free Mkt * 11% Return 148 S 13th Ave 3 Unit Apartment Building $1,185,136 CAD ($395,045 CAD/Unit) 8.58% Cap Rate Mount Vernon, NY 10550
INVESTMENT HIGHLIGHTS
- 2025 Gut Renovated Property
- Free Market Building
EXECUTIVE SUMMARY
NuRealty Advisors Inc. is pleased to present the Exclusive Listing for 148 S 13th Avenue, Mt. Vernon, NY. This renovated property features two Large Residential units plus one Cellar unit, with an ideal unit mix.
Unit Layout:
• (1) Four-Bedroom / One-Bath Apartment
• (1) Three-Bedroom / One-Bath Apartment
• (1) Cellar Unit
The property also offers a backyard with a pavers and a
large gazebo.
Property Highlights:
• Full building renovation in Year 2025 (windows,
plumbing, roof etc)
• Free-Market Asset
• Property is vacant and can be delivered as such
• Significant Upside in Rent Roll
• Conveniently Located Within Walking Distance to Metro-North Train Station
This is an excellent opportunity for investors seeking a fully renovated property. For more information, contact: Team@NuRealtyAdvisors.com
Unit Layout:
• (1) Four-Bedroom / One-Bath Apartment
• (1) Three-Bedroom / One-Bath Apartment
• (1) Cellar Unit
The property also offers a backyard with a pavers and a
large gazebo.
Property Highlights:
• Full building renovation in Year 2025 (windows,
plumbing, roof etc)
• Free-Market Asset
• Property is vacant and can be delivered as such
• Significant Upside in Rent Roll
• Conveniently Located Within Walking Distance to Metro-North Train Station
This is an excellent opportunity for investors seeking a fully renovated property. For more information, contact: Team@NuRealtyAdvisors.com
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$111,964
|
$42.33
|
| Other Income |
$26,802
|
$10.13
|
| Vacancy Loss |
$3,359
|
$1.27
|
| Effective Gross Income |
$135,407
|
$51.19
|
| Taxes |
$23,033
|
$8.71
|
| Operating Expenses |
$10,637
|
$4.02
|
| Total Expenses |
$33,670
|
$12.73
|
| Net Operating Income |
$101,737
|
$38.46
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $111,964 |
| Annual Per SF | $42.33 |
| Other Income (CAD) | |
|---|---|
| Annual | $26,802 |
| Annual Per SF | $10.13 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,359 |
| Annual Per SF | $1.27 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $135,407 |
| Annual Per SF | $51.19 |
| Taxes (CAD) | |
|---|---|
| Annual | $23,033 |
| Annual Per SF | $8.71 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,637 |
| Annual Per SF | $4.02 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,670 |
| Annual Per SF | $12.73 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $101,737 |
| Annual Per SF | $38.46 |
PROPERTY FACTS
| Price | $1,185,136 CAD | Property Subtype | Apartment |
| Price Per Unit | $395,045 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 8.58% | Lot Size | 0.06 AC |
| Gross Rent Multiplier | 11.22 | Building Size | 2,645 SF |
| No. Units | 3 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1909/2025 |
| Price | $1,185,136 CAD |
| Price Per Unit | $395,045 CAD |
| Sale Type | Investment |
| Cap Rate | 8.58% |
| Gross Rent Multiplier | 11.22 |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.06 AC |
| Building Size | 2,645 SF |
| No. Stories | 2 |
| Year Built/Renovated | 1909/2025 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Heating
- Kitchen
- Refrigerator
- Oven
SITE AMENITIES
- 24 Hour Access
- Controlled Access
- Tenant Controlled HVAC
- Smoke Free
- Smoke Detector
1 1
Walk Score®
Very Walkable (78)
Transit Score®
Excellent Transit (81)
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3 Units * Renovated * Free Mkt * 11% Return | 148 S 13th Ave
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