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Dwell Snap Team

info@dwellsnap.com +1(860) 306-9136

$ 1,650,000

Est. payment -/mo

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Active

14 E Sandford BLVD Mount Vernon, NY 10550

UPDATED:

Key Details

Property Type Commercial

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 1040697

Rental Info No

Year Built 1924

Annual Tax Amount $31,204

Property Sub-Type Multi Family

Source onekey2

Property Description

Exceptional investment opportunity with significant upside through increasing current rents to market rate. Welcome to 14 E. Sandford Blvd, a well-maintained six unit multifamily property that was extensively rebuilt from the foundation up in 2015, including new electrical, plumbing, roofing, and major building systems. The property consists of six spacious 3 bedroom, 2 bathroom apartments, each featuring central heating and air conditioning, hardwood floors, large kitchens, ample closet space, and an open-concept living, dining, and kitchen area. All six apartments were renovated as part of the building's extensive 2015 reconstruction. Additional amenities include a coin-operated laundry room in the basement and a private storage room for each tenant, providing additional convenience and value. Tenants are responsible for their own heat, hot water, electricity, and cooking gas, helping to keep the owner's operating expenses low With major improvements already completed, this is an excellent opportunity for an investor seeking a well maintained asset with no deferred maintenance and substantial income growth potential. The property is currently operating at approximately a 6.65% cap rate, with the potential to achieve an 11%+ cap rate as rents are increased toward market levels. A compelling opportunity to acquire a turnkey multifamily asset with strong current income and significant long term upside.

Location

State NY

County Westchester County

Rooms

Basement Common, See Remarks, Storage Space, Walk-Out Access

Interior

Heating Forced Air

Cooling Central Air

Fireplace No

Exterior

Parking Features Driveway

Utilities Available Cable Available, Cable Connected, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Phone Connected, See Remarks, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected

Building

Sewer Public Sewer

Water Public

Structure Type Stucco

Schools

Middle Schools Benjamin Turner Middle School

High Schools Mount Vernon

School District Mount Vernon

Others

Special Listing Condition None

OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Link NY Realty • Michael J. Venuto

Dwell Snap Team

Agent License ID: 10401320877

+1(860) 306-9136

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