3 Sherman Avenue, Mount Vernon, NY 10552

• 12,000 sqft

Property Description

Exceptional Investment Opportunity in the Bronxville Area Originally built as a historic schoolhouse, this unique 14-unit building(+ one super unit) was completely renovated in 2013, offering modern comfort while retaining timeless character. The property features a mix of 1 and 2 bedroom apartments, all newly constructed during the full redevelopment. Additional income can be obtained through apartment rental in lower level, as well as parking and laundry. Rental income can be increased through lease increase in 45 days of approximately 2,800 a month. Residents enjoy on-site laundry facilities and unbeatable convenience—just steps to the bus and a short walk to the charming Chester Heights neighborhood. Ideally located near all major highways and only 1.5 miles from the train, this property provides excellent commuter access. A standout asset in a prime location, perfect for investors seeking a fully updated, low-maintenance building with strong rental appeal.

Listing Status:

Active

Data Last Updated:

March 25, 2026 at 3:23PM

Listing Office:

ERA Insite Realty Services : 914-949-9600

MLS ID:

940112

Interior

• Basement: See Remarks
• A/C: Wall/Window Unit(s)
• Heating: Natural GasRadiant

Exterior

• Parking: CommonOn StreetParking Lot

Location

• Originating MLS: onekey2
• County: Westchester County

Lot

• Zoning: 0800-165-033-02135-000-0009

Utilities

• Utilities: Trash Collection Public
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2