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406 & 408 3rd Avenue, Mount Vernon, NY, 10550 | $849,999
This versatile property offers the perfect blend of modern updates and exciting possibilities. Recently renovated with brand new floors, windows, outlets, and switches throughout, the home boasts a flexible layout ideal for multi-family living or a creative conversion. Previously utilized as a three-family dwelling due to zoning changes, the 3rd floor kitchen was removed, but plumbing remains in place for the addition of a wet bar in the unit. For optimal utility management, the property boasts three electrical panels and three gas meters Boasting exceptional space, this residence offers 11 bedrooms and 3 full bathrooms spread across three versatile levels. First Floor: This level features 4 bedrooms and 1 bathroom, perfect for accommodating guests or a large family. Second Floor: Awash in natural light, the second floor boasts a spacious living room, a full bathroom, and 4 additional bedrooms. Third Floor: Previously utilized as a mother-in-law apartment, this flexible space offers 3 bedrooms, 1 full bathroom, and a bonus room, ideal for extended family, guests, or even a home office. Along with the opportunity to incorporate a wet bar into the unit. Dual entrances provide convenient access to all units, with the main entrance at the front of the house and a secondary entrance on the side. Ample parking is available with a side driveway that can comfortably accommodate 4 cars. The true star of this property is the highly valuable adjacent buildable lot. This additional space opens a world of opportunity for expansion. Imagine creating additional living space, in-law apartments, or even rental units to maximize your investment. The vacant lot that is adjacent to the property has it's own property tax ID. The property is being sold as - is and will be delivered vacant. Don't miss this incredible chance to own a piece of prime real estate with endless potential! All offers are to be pre screened per seller request. Please note some photo are virtual staged. Additional Information: Amenities: Storage, BuildingAreaSource: Other,
Features
- Bedrooms: 11
- Baths: 3 full
- Units: 2
- Style: Multi Family
- Year Built: 1918
- Heating: Natural Gas, Other, Baseboard
- Cooling: Wall Unit(s)
- Basement: Full, Partially Finished
- Est. Taxes: $23,275
- Elem. School: Edward Williams School
- Middle School: Benjamin Turner Middle School
- High School: Mt Vernon High School
- School District: Mount Vernon
- MLS#: H6297584
- Days on Market: 239 days
- Website: https://www.raveis.com
/prop/H6297584/406and4083rdavenue_mountvernon_ny?source=qrflyer
William Raveis Family of Services
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888.699.8876
Contact@raveis.com
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Sarah AlvarezVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.Alvarez@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
406 & 408 3rd Avenue, Mount Vernon, NY, 10550
$849,999
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah Alvarez
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $679,999 | $679,999 | $679,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.769% | 6.270% | 5.864% |
| Monthly Tax Payment | $1,940 | $1,940 | $1,940 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,808 | $4,132 | $5,601 |
| Total Monthly Payment | $5,840 | $6,164 | $7,633 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan.
** Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable rate mortgages [if applicable], are subject to change without prior notice.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535