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3 Units * Renovated * Free Mkt * 11% Return 148 S 13th Ave 3 Unit Apartment Building $1,180,101 CAD ($393,367 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 |
$111,488
|
$42.15
|
| Other Income |
$26,688
|
$10.09
|
| Vacancy Loss |
$3,344
|
$1.26
|
| Effective Gross Income |
$134,832
|
$50.98
|
| Taxes |
$22,935
|
$8.67
|
| Operating Expenses |
$10,592
|
$4.00
|
| Total Expenses |
$33,527
|
$12.68
|
| Net Operating Income |
$101,305
|
$38.30
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $111,488 |
| Annual Per SF | $42.15 |
| Other Income (CAD) | |
|---|---|
| Annual | $26,688 |
| Annual Per SF | $10.09 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $3,344 |
| Annual Per SF | $1.26 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $134,832 |
| Annual Per SF | $50.98 |
| Taxes (CAD) | |
|---|---|
| Annual | $22,935 |
| Annual Per SF | $8.67 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $10,592 |
| Annual Per SF | $4.00 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $33,527 |
| Annual Per SF | $12.68 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $101,305 |
| Annual Per SF | $38.30 |
PROPERTY FACTS Under Contract
| Price | $1,180,101 CAD | Property Subtype | Apartment |
| Price Per Unit | $393,367 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 | $1,180,101 CAD |
| Price Per Unit | $393,367 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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