314 S 5th Ave

Mount Vernon, NY 10550 Directions
$1,249,500 Reduced from $1,499,999 Reduced $250,499
  • 7Bed
  • 4Baths
  • 1960Built
  • $21,000Taxes

Property Highlights

  • School District: Mount Vernon
  • Elementary: Cecil H. Parker
  • Municipality: Mount Vernon
  • Days on Market: 15
  • MLS: 987284

Property Highlights

  • School District: Mount Vernon
  • Elementary: Cecil H. Parker
  • Municipality: Mount Vernon
  • Days on Market: 15
  • MLS: 987284

Great Opportunity to Own a Fully Rented Mixed-Use Property! This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential. Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township). The building has been well maintained with...

Property Highlights

  • School District: Mount Vernon
  • Elementary: Cecil H. Parker
  • Municipality: Mount Vernon
  • Days on Market: 15
  • MLS: 987284

Great Opportunity to Own a Fully Rented Mixed-Use Property! This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential. Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township). The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout. Ideal for investors seeking a turnkey property with reliable cash flow and long term upside.

Great Opportunity to Own a Fully Rented Mixed-Use Property! This income-producing property generates approximately $8,800/month, offering a strong and consistent return. The property features residential apartment(s), along with separately rented parking spaces and a garage generating an additional $950/month. Three recently vacated parking spaces offer further upside at $125/month each, creating multiple streams of income and immediate value-add potential. Situated on two lots, this property presents a rare opportunity for future development, expansion, or added value (buyer to verify with township). The building has been well maintained with numerous updates, including an updated basement and exterior, a new tankless water heater, and renovated apartment interiors featuring modern kitchens and updated flooring throughout. Ideal for investors seeking a turnkey property with reliable cash flow and long term upside.

Read MoreRead Less
  • Additional Information
    • Basement Description: Finished
    • Days On Market: 15
    • Elementary School: Cecil H Parker School
    • Elementary School District: Mount Vernon
    • High School: Mt Vernon High School
    • Middle School: Benjamin Turner Middle School
    • On Market Date: 2026-04-21
    • Sewer: Public Sewer
    • Type: Residential Income
    • Unit Count: 3
    • Utilities: Electricity Connected, Sewer Connected, Water Connected
    • Year Built: 1960
  • Interior Features
    • Beds: 7
    • Cooling: Wall/Window Unit(s)
    • Full Baths: 4
    • Heat: Baseboard
  • Exterior Features
    • Construction Materials: Foam Insulation, Stucco
    • Parking: Parking Lot
  • Assessed Value and Taxes
    • Tax Amount: $21,000
Listing Courtesy of Jaswinder Rehal of eXp Realty.
Click to view full screen