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Prime Mixed-Use Investment Opportunity in Mount Vernon, NY. Welcome to 55 Mount Vernon Avenue, Mount Vernon, NY 10550 — a rare mixed-use commercial property offering income potential and exceptional visibility in a highly desirable location. This well-positioned 2, 600-square-foot property features a street-level storefront along with three residential apartments, creating multiple income streams under one roof. The residential component includes two spacious 2-bedroom apartments and one large 4-bedroom unit, providing strong rental appeal and long-term value. The ground-floor commercial space is ideal for retail, professional office use, or a variety of service-based businesses. Large storefront exposure and steady local traffic help create excellent visibility and convenience for customers and clients alike. Location is everything, and this property delivers. Situated in a prime Mount Vernon location, you'll enjoy close proximity to major parkways, shopping, dining, public transportation, and train service, making commuting and daily errands simple and convenient. Whether viewed as an income-producing asset or a strategic commercial real estate investment, this mixed-use property offers flexibility, rental income potential, and a location that continues to attract activity and growth. Property Highlights: Mixed-use commercial property Street-level storefront Three residential rental units Two 2-bedroom apartments One 4-bedroom apartment Approximately 2, 600 square feet Suitable for retail, office, or service business use Prime Mount Vernon location Near parkways, shopping, restaurants, and train service Strong income-producing potential Don't miss the opportunity to own a versatile commercial property in the heart of Mount Vernon with built-in rental income and outstanding accessibility.
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Our Executive Mortgage Banker:
$650,000
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Conforming* |
30 Year Fixed-Rate Conforming |
15 Year Fixed-Rate Conforming |
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|---|---|---|---|
| Loan Amount | $520,000 | $520,000 | $520,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.990% | 6.490% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.370% | 6.615% | 5.952% |
| Monthly Tax Payment | $1,614 | $1,614 | $1,614 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,114 | $3,283 | $4,318 |
| Total Monthly Payment | $4,820 | $4,989 | $6,024 |
* 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.