Property
| Ownership: | For Sale |
|---|---|
| Type: | Unknown |
| Bedrooms: | 6 BR |
| Bathrooms: | 3 |
| Lot Size: | 0.1 Acres |
Financials
Listing Courtesy of Real Broker NY LLC
Zoned R8, can be delivered vacant !
- View of front of property featuring brick siding, a gate, a fenced front yard, and a porch
- Stairs featuring wood tiled floors, brick wall, and baseboard heating
- Kitchen with stainless steel appliances, gray cabinetry, and healthy amount of natural light
- Kitchen with stainless steel appliances, light stone countertops, gray cabinetry, and dark wood-style flooring
- Full bath featuring vanity and shower / bath combo with shower curtain
Description
Zoned R8, can be delivered vacant! Currently a fully occupied three family investment opportunity in the heart of Fordham Heights, offering immediate cash flow in a prime Bronx location just one block from the 182nd Street Grand Concourse subway station. This well maintained and recently fully renovated property features three spacious two bedroom, one bathroom apartments, each currently rented at $2,762 per month. All units are occupied with tenants in place, providing consistent income from day one. Tenants are responsible for all utilities, contributing to low operating expenses and strong overall performance. The property also includes a full basement with utility access, offering additional functional space and flexibility. Annual expenses remain low, with taxes at $4,087, water at $2,000, and common electric at $900, further enhancing the investment appeal. With a 7.4% cap rate, this is an ideal opportunity for investors seeking a stabilized, income producing asset in a high demand rental market. A turnkey investment in a highly accessible and desirable Bronx location.
Amenities
- Electricity Connected
- Natural Gas Connected
- Open Floorplan
- Sewer Connected
- Storage
- Trash Collection Public
- Water Connected

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.
All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.