142 N Terrace Avenue, Mount Vernon, NY

$1,095,000

Previous Next

10

Beds

5

Baths

0.08

Acres

About 142 N Terrace Avenue

This property is being sold based on the HUGE Rental revenue, Positive cash flow and Renovated BEAUTIFUL condition. The is a Legal 3 family home which consists of 3 UNIITS and an additional finished walkout Garden apartment with a legal kitchen and bath. Units consist of the following: 4 bedroom 2 bath ( $2929 Monthly Rent) 3 bedroom 1 bath ( Currently Vacant) , 2 bedroom 1 bath ($2537 Rent) , 1 bedroom 1 bath ( $1830 rent) . Currently the 3 bedroom apartment is vacant and the property is still grossing over $87,000 per year!! Why only live rent free when you can live in this apartment and still generate a positive cash flow!! When this apartment is rented out the Building Gross Rental Revenue is a WHOPPING $121, 752. Yes you read correctly- $121, 752!!!! As a bonus Tenants pay for their own cooking gas, electric and hot water. This is a rarity amongst Multi Families and makes this your perfect home or investment cash cow!! Selling at approximately 8.5 % Cap rate. All program rents increase at approximately 3.5 % per year so cash flow will grow each year.

Features of 142 N Terrace Avenue

MLS® # 952048
Price $1,095,000
Bedrooms 10
Bathrooms 5.00
Full Baths 5
Square Footage 3315
Acres 0.08
Year Built 1940
Type Residential Income
Sub-Type Triplex
Status Active

Community Information

Address 142 N Terrace Avenue
City Mount Vernon
County Westchester County
State NY
Zip Code 10550

Amenities

Horse Property No
Utilities Natural Gas Connected, Trash Collection Public
Parking Off Street
Is Waterfront No
Has Pool No

Interior

Interior Features Other
Heating Baseboard, Natural Gas, Other
Cooling None
Fireplace No
Has Basement Yes
Basement None

Exterior

Construction Brick

School Information

District Mount Vernon
Elementary Hamilton

Additional Information

Date Listed January 14th, 2026
Days on Market 232
Taxes $16,500
Short Sale No
RE / Bank Owned No

Listing Details

OfficeBayview Realty
Contact Info917-439-3258

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?