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209 Franklin Avenue

Mount Vernon NY 10550

7200 sq. ft.
4317 sq. ft.
Multi-Family
Currently for sale - view listing

Overview

Amazing opportunity to own a fully operating apartment building just 30 minutes from Grand Central Station. The subject property is a 4 story, 10 unit brick walk-up building on Franklin Avenue between East 3rd Street and Harrison Street. This 7,200 square foot rent stabilized building consists of two studio units, four (2) bedroom units and four (3) bedroom units. Two of the ten apartments have been completely renovated while others have had various upgrades in kitchen cabinets, bathroom vanities, flooring and ductless air conditioning within the last 7 years. A camera system has been installed, the hallways have been repainted and a hot water tank was recently installed. The roof was replaced about 11 years ago and the boiler is fully operating at about 30 years old. Conveniently located with a half mile of the Mount Vernon East Metro North Station and steps from the #42 and #53 Bee Line Bus stops, the property is ideal for commuting tenants.

Features

7200 sq. ft. floor area
4317 sq. ft. lot size
Multi-Family

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Local market activity for multi families in Mount Vernon

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