540-542 N High St, Mount
Mount Vernon, NY 10552
Immeuble residentiel Propriété À vendre · 7 Unités

This 7-unit multifamily property in the Fleetwood neighborhood offers a compelling investment opportunity in Mount Vernon. The building includes four 2-bedroom and three 1-bedroom residences, configured for optimal long-term rental potential. Additionally, four garages provide supplemental income and enhance appeal for tenants seeking secure parking. At a purchase price of $1,650,000, the asset is positioned to deliver strong financial upside supported by attainable pro forma improvements. The current annual residential revenue of $173,208 is projected to reach $207,600 through execution of a market-rate rent strategy.

Investors will benefit from significant income growth and operational efficiency, as Net Operating Income is expected to rise from $111,220 to $141,561 under stabilized conditions. The property currently offers a 6.7% cap rate, with projected returns of approximately 12.0% cash-on-cash following implementation of the revenue plan. Located in the Fleetwood area, residents enjoy access to vibrant local amenities and commuter connections throughout Westchester and the New York metropolitan region. This asset exemplifies strong fundamentals for investors targeting well-located multifamily housing with tangible rent growth potential.