5Unit Mount Vernon Investment Opportunity!

425 South Eight Avenue, Mount Vernon, New York

This is an excellent 5 unit investment property in Mount Vernon for a Cash Buyer!. Existing lien, $489,000 including past taxes of total Price 525,000K.   Needs about 100k in work, but all materials are on site to complete. If someone bought it, they would have a building worth $825,000-875,000.00 after completion. Good for an investor or flip. to complete in a 90 day period. All materials are on site.  This property is in a good area near the hospital.
 The lot is 75 ft wide 105 ft deep which can fit another eight unit building with approximately 20 off st parking spots being confirmed with the architect. There is currently approximately $489k.The value after completion is over 800k, without the addt'l building and extra parking. Seller would like to close immediately.

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