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452 South 7th Avenue
Mt Vernon, NY 10550
Asking Price
$515K
Asset Type
Storefront Retail
Class
Class B
What's Special
Vacant Church Property For Sale - can be converted to 1-2 family <p><span style="color: rgba(42, 42, 51, 1)">Vacant church property being sold strictly **AS-IS** on the South side of Mount Vernon, presenting a unique opportunity for investors, contractors, or developers to convert into a 1- or 2-family residence or restore for alternative use. The property requires significant repairs and is priced accordingly; **cash offers only** with proof of funds required. Sold with open permits. Zoned for Three-Family Residence (RMF-6.75) Lot Size 2,614 SF</span></p>
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NOI
$80,000
Cap Rate
15.53%
DSCR
2.62
Strong
Cash-on-Cash
31.99%
Monthly Payment
$2,547.939
Annual Cash Flow
$49,424.732
