Description

Property Overview--Welcome to a rare investment opportunity in the heart of West Mount Vernon’s Transit-Oriented Development (TOD) Zone, located less than 0.2 miles from the Mount Vernon West Metro-North Station—just a 30-minute ride to Grand Central Terminal. --This Exclusive Multi-Family Property features: --Two well-maintained residential units -- A separate basement workspace/recreational area—ideal for a home office, personal workshop, art studio, gym, or additional owner use-- At least 4 private parking spaces, a valuable asset in this high-demand commuter corridor--- Property Features: 2 Residential Units --Unit 1 (Main Floor):- 3 bedrooms / 1 bath- Eat-In Kitchen- Bountiful Storage Space- Hardwood Floors-- Unit 2 (Second Floor):- 2 bedrooms / 1 bath- Eat-in Kitchen with bonus dining or pantry room- Bright and spacious layout- Walk up Access to unfinished Attic for Additional Storage Space-- Both units offer reliable rental income with upside potential. Tenants enjoy convenient proximity to public transit via the Mount Vernon West Metro North Train Station, shopping, dining, etc, as well as close proximity to Bronx River Parkway.-- Separate Basement Workspace / Recreational Area- Walk In Entrance / Walk Out- Partially finished with ample lighting -- NEW ROOF just installed!- Half Bathroom, Utility Room & soo much storage space!-- Ideal for owner occupancy: office / workspace, art studio, gym, workshop, or potential for conversion* - Not included in rentable unit count—retains owner flexibility-- Parking- 4+ private off-street parking spaces with private driveway access. Blacktop just freshly repaved less than a year ago!- A major advantage in this growing-density, transit-centric neighborhood-- Location Highlights:- Transit-Oriented Zone: Mount Vernon’s TOD designation promotes increased density, mixed-use development, and long-term value- .2 miles from Mt Vernon West Station (3–4 min walk)- Easy access to Bronx River Pkwy, I-87, Cross County Shopping Center, Bronxville, and NYC- Close proximity to local markets, cafe, deli, shops and schools-- Investment Potential!- Strong rental demand due to proximity to transit- Potential for additional income via partially finished basement area (subject to zoning/use)- Ideal for owner-occupants, developers or portfolio investors---Contact Agent for more info:- Cap rate estimates, rent rolls, expense breakdowns, and pro forma projections available upon request.---- Contact agent to schedule your private showing TODAY— do not miss out on this unique property that combines multi-unit income with owner-use flexibility, and commuter convenience in one package! --- ** floor plan measurements are only approximations ** property USPS address is 16 S Terrace Ave. Registered with DOB as 14 S Terrace Ave.