416 Highland Avenue, Mount Vernon, NY, 10553
$500,000
Single Family
For Sale
5 Beds
, 2 Full Bath
Details
ML#: 884292
- Style: Colonial
- # of Families: 2
- Year Built: 1920
- Taxes: $8,497
- Status:Active
Description
Calling all investors, builders, and visionaries, this fire-damaged legal 2-family offers endless upside just minutes from NYC!Located on a tree-lined street in the heart of Mount Vernon, this spacious 3, 000 sq ft two-family home features a 1-bedroom unit over a 4-bedroom unit, the perfect setup for extended family, rental income, or dual investment. A large front sitting porch, mature landscaping, private driveway, and backyard complete the picture, all waiting to be brought back to life with your vision and skill.The home sustained fire damage and is not currently habitable. It is being sold strictly as-is, with no repairs or clean-out by the seller. Buyer is responsible for all due diligence, including permits and obtaining a new certificate of occupancy after closing.Cash buyers or rehab financing only. Property will not qualify for traditional mortgage financing in current condition.This is a rare opportunity to create your dream home while generating rental income, or to fully renovate and rent both units in a high-demand area. With imagination and investment, this property can be transformed into a beautiful multi-family residence that pays for itself over time.Transit & Access Highlights:• 6-minute walk to Metro-North Mount Vernon East Station, ideal for NYC commuters• 4–6 minute drive to I-95 via Hutchinson River Parkway• Local bus service (routes 42/53/55) just 3 minutes awayDon’t miss your chance to restore and reimagine this diamond in the rough, a rare investor opportunity in this price range, especially in a market where inventory is extremely limited.
More Property Details
Bedroom: 5
Full Bath: 2
Lot Size: 0.11
Lot Sq Ft: 4792
Garage: Yes
Garage: 2.0
Heat: Oil, Other
A/C: None
Water: Public
Sewer: Public Sewer
Taxes: $8,497
School District: Graham
Listing Information provided courtesy of
Keller Williams Realty Group
914-713-3270