Buy with Yoreevo
$1,572,000
List Price: $1,600,000
Share Listing
Save Listing
425 S 8th Avenue
House in Mount Vernon •  building info
studio
Buy with Yoreevo

$1,572,000

List Price

$1,600,000

Key Details
Days on market
33
Last price change
loading...
Estimated payment
$10,512/mo
Taxes
$1,878/mo
Maintenance
N/A
Description
Excellent investment opportunity, this well maintained mixed use building features six one-bedroom residential units and a highly successful laundromat occupying the commercial space. Each apartment is separately metered, with tenants responsible for their own heat, hot water, gas and electricity, minimizing owner expenses. The laundromat is powered by four fuel cell machines, generating excess electricity that benefits the owner. Additionally, the building is outfitted with rooftop solar panels, producing ample energy the owner currently only pays a minimal delivery charge, as the property generates its own electricity. This is a rare, income-producing asset with low operating costs and strong upside potential. Don't miss out on this unique opportunity it won't last long

Hide full description

Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,600,000
Asking Price: $1,600,000
Term
30 Years
Down Payment
$160,000 (10%)
Min: 10% (160,000)
Rate
6.0 %
Mortgage Amount
$1,440,000
Mortgage Payment
$8,634
Taxes
$1,878
Estimated Yoreevo rebate
$28,000
Estimated closing cost
$57,000
Total monthly cost $10,512
Buy your dream home with us and get an estimated
$28,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Link NY Realty

Information ©2026, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.