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Year Built: 1930
Total Living Sq Ft: 21,084
Studio Units – 14
-Avg rents $525
Studio + den – 6
– Avg rents $575
1 bed – 9
-Avg rents $650
1 bed + Den – 1
-Avg rents 675
Tax Assessed Value 1,015,000
4 story, 35 Unit apartment building at a significant discount
with a high return. This property is in downtown Mt Vernon
close to shopping centers. Currently 20 units are occupied
brining in $11,333.00 a month in rent (owner pays utility bills).
There are 15 units vacant that need minor fixes to get them
rent ready. An investor should be able to get all of the units
rentable with $75,000 in TI.
After the units are fixed up with an average of $650 a unit the
property will bring in an additional $9,750 a month in rent.
Total gross rent will be around $22,000 a month. After
factoring expense and vacancy rate it brings this property to
Call or Email immediately to reserve this opportunity!
Joe Bauer & Erik Bee
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