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$ 3,999,000
Est. payment /mo
Price Dropped by $700K
3 Sherman AVE Mount Vernon, NY 10552
0.28 Acres Lot
UPDATED:
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 940112
Rental Info No
Year Built 1901
Annual Tax Amount $75,774
Lot Size 0.280 Acres
Acres 0.28
Property Sub-Type Multi Family
Source onekey2
Property Description
Exceptional Investment Opportunity in the Bronxville Area
Originally built as a historic schoolhouse, this unique 14-unit building(+ one super unit) was completely renovated in 2013, offering modern comfort while retaining timeless character. The property features a mix of 1 and 2 bedroom apartments, all newly constructed during the full redevelopment. Additional income can be obtained through apartment rental in lower level, as well as parking and laundry. Rental income can be increased through lease increase in 45 days of approximately 2,800 a month.
Residents enjoy on-site laundry facilities and unbeatable convenience—just steps to the bus and a short walk to the charming Chester Heights neighborhood. Ideally located near all major highways and only 1.5 miles from the train, this property provides excellent commuter access.
A standout asset in a prime location, perfect for investors seeking a fully updated, low-maintenance building with strong rental appeal.
Originally built as a historic schoolhouse, this unique 14-unit building(+ one super unit) was completely renovated in 2013, offering modern comfort while retaining timeless character. The property features a mix of 1 and 2 bedroom apartments, all newly constructed during the full redevelopment. Additional income can be obtained through apartment rental in lower level, as well as parking and laundry. Rental income can be increased through lease increase in 45 days of approximately 2,800 a month.
Residents enjoy on-site laundry facilities and unbeatable convenience—just steps to the bus and a short walk to the charming Chester Heights neighborhood. Ideally located near all major highways and only 1.5 miles from the train, this property provides excellent commuter access.
A standout asset in a prime location, perfect for investors seeking a fully updated, low-maintenance building with strong rental appeal.
Location
State NY
County Westchester County
Rooms
Basement See Remarks
Interior
Heating Natural Gas, Radiant
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Common, On Street, Parking Lot
Utilities Available Trash Collection Public
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Stucco
Others
Special Listing Condition None
Listed by ERA Insite Realty Services • Michelle Prisco
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