4 W 4th StMount Vernon, NY

The Oak & Avery Group is pleased to present the sale of 4 W 4th St, an 18-unit multifamily building comprised of Sixteen (16) One-Bedroom apartments and Two (2) Two-Bedroom apartments. Recent capital improvements include new kitchens, bathrooms, flooring, painting, roof sealing and a boiler heat-timer. The building is professionally managed by a 3rd party company and has a live-in super. The building runs (#2) oil heat, supplied by the landlord. Tenants are individually metered for and pay their own (cooking) gas and electric. All tenants are on 1-2 year leases with almost half receiving Section 8 vouchers. All units are rent stabilized, however, many are paying a preferential rent considerably lower than the legal maximums.