Alex Sio
Alex Sio
Call: (917) 520-7586
Text: (917) 520-7586
MLS#987284
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLMount Vernon
Property Description
Great Opportunity to Own a Fully Rented Mixed-Use Property!This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential.Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township).The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout.Ideal for investors seeking a turnkey property with reliable cash flow and long term upside.
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Garage: 2
Heating: Baseboard
Taxes: $21,000
Year Built: 1960
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Days on Site: 1
Exterior: Foam Insulation, Stucco
GarageY/N: Yes
On Market Date: 2026-04-21
Parking Features: Parking Lot
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
High School: Mt Vernon High School
Middle School: Benjamin Turner Middle School
Elementary School: Cecil H Parker School
School District: Mount Vernon
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Estimated Payment
$ 5,525.85 per month $3,338.35 Principal & Interest $1,750.00 Property Tax $437.50 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: eXp Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: Alex Sio
Agent Phone: (917) 520-7586
Agency Title: Laffey Real Estate
314 S 5th Street | MLS# 987284
This multi-family property located at 314 S 5th Street, Mount Vernon, NY 10550 is currently listed for sale with an asking price of $1,499,999. S 5th Street is located within the Mount Vernon school district. Search Mount Vernon real estate on alexsio.laffey.com today.