Investor/Developer Opportunity -- Position yourself for immediate value with this 4,356 sq ft lot in Mount Vernon, featuring fully approved architectural plans for a new construction 3,300 sq ft two-family detached home.
Key Development Highlights:
• Shovel-ready with Mount Vernon City-approved plans – Save time, start building immediately
• Two-family layout:
? 6 bedrooms & 4 bathrooms (each unit features 3 bedrooms, 2 bathrooms), a modern kitchen, and dedicated dining/living areas
? Separate private entrances for each unit – ideal for owner-occupancy or dual rental income
• Full basement and attic – Expandable living or storage space
• Private driveway + 2 garages – High rental appeal
• 1,125 sq ft backyard – Outdoor space that adds market value
Location advantages:
• Walking distance to Metro-North’s Mount Vernon East Station
• Close proximity to Wakefield MTA (1 mile) and Mount Vernon West Station (1.5 miles)
• Easy access to shopping via the newly reopened Fulton Ave Bridge
Financial Highlights:
• Projected resale value: $1.2M–$1.4M
• Strong rental market in the area with high demand for multi-family units
• Ideal for long-term hold or resale flip
• Potential for high cap rate with dual-unit configuration
Whether you're an experienced developer seeking your next quick-start project or an investor targeting long-term rental cash flow, this property checks all the boxes: location, approvals, and upside. ACT NOW—ready-to-build properties with this level of potential are rare.