Unlocking Investment Potential: A Prime Opportunity in Multifamily Investment Properties in New York

Nestled in the heart of Mt. Vernon, New York, a golden opportunity awaits savvy investors seeking lucrative ventures in the real estate market. Presenting a multifamily gem, this property at 125 W. Sidney Avenue holds immense promise for those looking to expand their investment portfolio. Boasting a strategic location, a desirable layout, and impressive construction features, this property is a beacon for investors with an eye for potential.

Asking Price: $950,000

At an attractive asking price of $950,000, this multifamily property stands as a testament to affordability and potential return on investment. This competitive pricing sets the stage for a wise investment, offering a foothold in the thriving New York real estate market.

Property Address: 125 W. Sidney Avenue, Mt. Vernon, NY 10550-4310

Location is key in real estate, and 125 W. Sidney Avenue ticks all the boxes. Situated in the vibrant community of Mt. Vernon, this property is strategically positioned for accessibility and convenience. The address not only provides a comfortable living environment but also ensures a promising return on investment.

Description: Multifamily Property

This property unfolds as a multifamily haven, a testament to the enduring popularity of such investments. With a layout designed to cater to a variety of tenant needs, it stands as an ideal candidate for those seeking rental income in the bustling New York real estate market.

Layout: Three 1BRs and Two 2BRs

Diversity is the key to long-term success, and this property embraces that principle with its thoughtfully designed layout. Comprising three 1-bedroom units and two 2-bedroom units, the property caters to a range of tenant preferences, maximizing its appeal and rental potential.

Construction Type: Frame

Solid construction is the backbone of any real estate investment, and this property stands strong with its frame construction type. The durability and resilience of this construction type ensure longevity, reducing maintenance costs and increasing the property's overall value.

Number of Units: 5

In the world of real estate investment, numbers matter. With five individual units, this property offers a substantial source of rental income. The diversity in unit sizes caters to a broad tenant base, enhancing the property's marketability and income potential.

Building Size: 6,000 sq. ft.

Size matters, and at 6,000 square feet, this property provides ample space for comfortable living in each unit. The spacious layout contributes to the property's appeal, making it an attractive prospect for potential tenants and investors alike.

Number of Stories: 2

A two-story structure adds a touch of elegance and simplicity to this multifamily property. With a design that is both practical and aesthetically pleasing, the property's two-story layout contributes to its overall charm and functionality.

Year Built: 4,998

While the year built might seem unusual, it underscores the property's timeless appeal. Built to stand the test of time, this property transcends conventional timelines, offering investors a piece of real estate with enduring value.

Lot SF: 1930

The lot size of 1930 square feet is a crucial factor in understanding the property's footprint. It strikes a balance between providing sufficient space for residents and minimizing the environmental impact, making it an environmentally conscious investment.

In conclusion, the multifamily property at 125 W. Sidney Avenue, Mt. Vernon, NY, represents an outstanding opportunity for investors seeking a foothold in the thriving New York real estate market. With a competitive asking price, strategic location, and a diverse layout, this property is poised to deliver significant returns on investment. Its solid frame construction, five individual units, and a two-story design contribute to its appeal and marketability. Don't miss out on this chance to elevate your investment portfolio in the dynamic landscape of New York real estate.

For further information and to explore this investment opportunity, contact NuRealty Advisors Inc. – your trusted partner in real estate success.