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.
2,420 Sq Ft
0.1957 Private Acres Exterior Space
Investment
$13,175 Annual Tax
Built in 1926
MLS/Listing ID 895985
5 Units
Heating - Other
Heating - Steam
Heating - Radiant
Heating - Natural Gas
Hardwood
Fenced
Cooling - Wall/window unit(s)
Construction - Stone
Listing Courtesy of YOURHOMESOLD GUARANTEED REALTY, BRYANT MORAN - 917-345-2306
Source of Data: ONEKEY MLS
TOTAL MONTHLY COST
-
-
-