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1349 Elder Ave

the bronx, NY 10472

$1,299,000

    INTERESTED? LET'S CONNECT

    Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts.

    The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting.

    Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses.

    A high-yield, low-maintenance asset with upside potential in a growing corridor.

    Details

    2,420 Sq Ft

    0.1957 Private Acres Exterior Space

    Commercial

    $13,175 Annual Tax

    Built in 1926

    MLS/Listing ID 895571

    5 Units

    Amenities & Features

    Fenced

    Hardwood

    Heating - Steam

    Heating - Radiant

    Heating - Natural Gas

    Construction - Stone

    Cooling - Wall/window unit(s)

    Listing Courtesy of YOURHOMESOLD GUARANTEED REALTY, BRYANT MORAN - 917-345-2306

    ONEKEY

    Source of Data: ONEKEY MLS

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    Interested in 1349 Elder Ave?