North Terrace Ave & Elm Street Sunset Hill, Mount Vernon NY 10550
- Type: Multifamily
- Style: 3 Story "3 Family "
- Bedrooms: 8
- Bathrooms: 3
- Size: 0 sq. ft. "3 Family"
- Development Level: Built
- Year Built: n/a "Fully Renovated "
- Taxes: $15,000.00
- Basement: Yes, Full "Finished"
Huge and Beautiful vacant renovated 3 Family in beautiful North Terrace- Sunset Hill Vicinity , set up to be a HUGE moneymaker to generate a 21 % annual return!! LETS GO OVER THE NUMBERS: Legally finished basement with a bathroom and summer kitchen and a bonus room to be used in conjunction with the 1st floor which has 3 bedrooms a kitchen and bathroom. The second floor has 3 bedrooms PLUS a bonus room with a kitchen and bathroom and the 3rd floor has 2 bedrooms with a kitchen and bathroom. Rent out the first floor/Basement for $2950 , the second floor for $2800 and the third floor for $1950 and you have a GROSS ANNUAL RENT roll of $92,400. Assume Taxes of $15,000, Heat $4,000, Water and sewer- $1200, PLP Electric $500, Insurance $2200 and Miscellaneous $4000 expenses and you NET a whopping $65,500 per year. Thats a CAP RATE of 9 % or if financed with a 20% down payment ( at a conservative 4 % interest rate) an incredible 21 % ANNUAL RETURN on your investment. Tenants pays their own Gas ( 3 gas meters) hot water( 4 electric hot water heaters) and electric ( 3 meters plus an owners meter). The above calculations are estimates and are to be verified by potential buyers. CO attached to listing for your review. Take advantage of these ridiculously LOW MORTGAGE rates and enjoy this CASH COW for years to come. No representations made.
CLOSE TO SCHOOLS, SHOPPING, RESTAURANTS & TRANSPORTATION! ~ONLY 3.5% DOWN!~ ~FHA APPROVED!~ ~FIRST TIME HOME BUYER’S PROGRAM AVAILABLE!~ ~LOWEST INTEREST RATES FINANCING AVAILABLE!~ Visit http://www.TopLevelProperties.com For More Homes!__
Information is deemed to be correct but not guaranteed.