142 N Terrace Avenue, Mount Vernon, NY 10550

Mount Vernon
Local realty services provided by:Better Homes and Gardens Real Estate Choice Realty
142 N Terrace Avenue,Mount Vernon, NY 10550
$1,095,000
  • 10 Beds
  • 5 Baths
  • - sq. ft.
  • Multi-family
  • Active
Listed by: daniel feder
Office: bayview realty
MLS#:952048
Source:OneKey MLS

Price summary

  • Price:$1,095,000

About this home

This property is being sold based on the HUGE Rental revenue, Positive cash flow and Renovated BEAUTIFUL condition. The is a Legal 3 family home which consists of 3 UNIITS and an additional finished walkout Garden apartment with a legal kitchen and bath. Units consist of the following: 4 bedroom 2 bath ( $2929 Monthly Rent) 3 bedroom 1 bath ( Currently Vacant) , 2 bedroom 1 bath ($2537 Rent) , 1 bedroom 1 bath ( $1830 rent) . Currently the 3 bedroom apartment is vacant and the property is still grossing over $87,000 per year!! Why only live rent free when you can live in this apartment and still generate a positive cash flow!! When this apartment is rented out the Building Gross Rental Revenue is a WHOPPING $121, 752. Yes you read correctly- $121, 752!!!! As a bonus Tenants pay for their own cooking gas, electric and hot water. This is a rarity amongst Multi Families and makes this your perfect home or investment cash cow!! Selling at approximately 8.5 % Cap rate. All...

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Home facts

  • Year built:1940
  • Listing ID #:952048
  • Added:257 day(s) ago
  • Updated:September 29, 2026 at 11:45 AM

Rooms and interior

  • Bedrooms:10
  • Total bathrooms:5
  • Full bathrooms:5
  • Basement:Yes

Heating and cooling

  • Heating:Baseboard, Natural Gas

Structure and exterior

  • Year built:1940
  • Lot area:0.08 Acres
  • Construction Materials:Brick

Schools

  • Elementary school:Hamilton

Utilities

  • Water:Public
  • Sewer:Public Sewer

Finances and disclosures

  • Price:$1,095,000
  • Tax amount:$16,500 (2025)

Parking

  • Parking description:Off Street
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