145 S Fulton Avenue, Mount Vernon, NY 10550

Property Description

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.