Prime Bronx Investment Opportunity Legal 5 Family Commercial Storefront Additional 1 Family Property Rare opportunity to acquire a legal 5 family income producing property with a commercial storefront, plus a ...
| Website: | https://www.nestseekers.com/5708604 |
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| Address: | New York, NY 10469 |
| Ownership: | For Sale |
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| Type: | Multi-Family |
| Lot Size: | 0.1 Acres |
Financials
Description
Prime Bronx Investment Opportunity – Legal 5-Family + Commercial Storefront + Additional 1-Family Property
Rare opportunity to acquire a legal 5-family income-producing property with a commercial storefront, plus a separate 1-family property (937B) situated on the same lot. The combined properties offer an attractive mix of residential and commercial income with significant investment potential.
The property currently generates approximately $13,000 per month in gross income, while annual property taxes are approximately $12,000, providing a compelling income-to-expense profile. The commercial storefront adds valuable flexibility and potential for additional upside.
Ideal for investors seeking a multi-family asset with multiple income streams, or an owner-user looking to maximize the property's long-term potential. The property's legal 5-family configuration, commercial component, and additional 1-family structure make this a unique offering in the Bronx market.
Motivated seller – all reasonable offers will be considered. Excellent opportunity for an investor looking to acquire a substantial income-producing property with room for future growth.
Showings by appointment. Buyer to independently verify all information, including legal use, zoning, income, taxes, and property dimensions.
Amenities
- Cable - Available
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 | |
| Listing Courtesy of Keller Williams Realty NYC Grp | |