46 N Fulton Ave
5 Unit Apartment Building $1,391,579 CAD ($278,316 CAD/Unit) 7.98% Cap Rate Mount Vernon, NY 10550
EXECUTIVE SUMMARY
Houlihan Lawrence Commercial is pleased to present an exceptional 5-unit multifamily property located in Mount Vernon, NY. The property features a mix of unit types, including 1 studio, 3 two-bedroom units, and 1 three-bedroom unit. Additionally, there is a bonus, unoccupied two-bedroom apartment on the ground floor adjacent to the garage. This asset offers strong cash flow potential and is well-positioned for continued performance. On-site parking is available for tenants, and the Mount Vernon East Train Station is just two blocks away, providing convenient access to public transportation.
PROPERTY FACTS
| Price | $1,391,579 CAD |
| Price Per Unit | $278,316 CAD |
| Sale Type | Investment |
| Cap Rate | 7.98% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Building Size | 7,437 SF |
| No. Stories | 3 |
| Year Built/Renovated | 1990/2022 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 1 | - | - |
| 1+1 | 2 | - | - |
| 2+1 | 2 | - | - |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Number | 0800-165-063-01144-000-0005 | Improvements Assessment | $15,967 CAD |
| Land Assessment | $7,768 CAD | Total Assessment | $23,735 CAD |
ZONING
| Zoning Code | RMF |
