About This Home
This 0-bedroom, 0-bathroom commercial at 14 E Sandford Boulevard in Mount Vernon, NY is listed for $1,650,000. Built in 1924, on a N/A lot.
Key Features
- Built in 1924
Property Details
Amenities
Exceptional investment opportunity with significant upside through increasing current rents to market rate. Welcome to 14 E. Sandford Blvd, a well-maintained six unit multifamily property that was extensively rebuilt from the foundation up in 2015, including new electrical, plumbing, roofing, and major building systems.
The property consists of six spacious 3 bedroom, 2 bathroom apartments, each featuring central heating and air conditioning, hardwood floors, large kitchens, ample closet space, and an open-concept living, dining, and kitchen area. All six apartments were renovated as part of the building's extensive 2015 reconstruction.
Additional amenities include a coin-operated laundry room in the basement and a private storage room for each tenant, providing additional convenience and value. Tenants are responsible for their own heat, hot water, electricity, and cooking gas, helping to keep the owner's operating expenses low With major improvements already completed, this is a
n excellent opportunity for an investor seeking a well maintained asset with no deferred maintenance and substantial income growth potential. The property is currently operating at approximately a 6.65% cap rate, with the potential to achieve an 11%+ cap rate as rents are increased toward market levels. A compelling opportunity to acquire a turnkey multifamily asset with strong current income and significant long term upside.
Monthly Cost Estimate
$8,825/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
14 E Sandford Boulevard
Mount Vernon, NY 10550
Property Details
Construction
Parking
Heating
Cooling
Questions & Answers
This 0-bedroom, 0-bathroom commercial at 14 E Sandford Boulevard is listed at $1,650,000. The estimated monthly payment is $8,824 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1924.
This property is listed by Michael J. Venuto and can be reached at 3475846993.







