7-unit multifamily, 5.3% cap rate, fully-occupied and well maintained property located in the Bronx, just two blocks from the 2 / 5 train! This income-generating asset offers a stable and lucrative investment with gross income of $143,000 annually. All units are fully occupied and leased ensuring consistent cash flow with the potential for rent increases. **Unit Mix and Rents:** - **Apt. 1:** $1,546.64 - 1 bedroom - **Apt. 2:** $1,577.93 - 1 bedroom - **Apt. 3:** $1,721.74 - 2 bedroom - **Apt. 4:** $1,962.40 - 1 bedroom - **Apt. 5:** $1,968.71 - 2 bedroom - **Apt. 6:** $1,600.00 - 1 bedroom - **Apt. 7:** $1,548.75 - 1 bedroom Key property features include: - **Recent Improvements:** Recently painted hallways, a repointed brick facade, a roof under 10 years old, a newly installed front walkway, and plans for a new intercom system installation. - **Expenses:** Annual expenses total $62,402.46, broken down as electricity ($960), water ($8,000), heating oil ($26,021.90), and property taxes ($27,420.56). - **Stable Tenancy:** With all units currently occupied the property is already income producing. Ideal for anyone seeking a robust investment in a thriving community. Property sold as-is.
Parking:
Street
HEATING & COOLING
Air Conditioning: YES
Cooling Type: Window Unit(s)
Heating Type: Oil, Hot Water
UTILITIES
Sewer: Public Sewer
Water Source: Public
PARKING
Parking Total
Attached Garage
Parking Fee
Garage
Open Parking
Parking Features: On Street
STRUCTURAL INFORMATION
Common Walls: 2+ Common Walls
Property Attached: YES
Year Built: 1927
Sq. Ft. Source
Square Feet
DISCLOSURES AND REPORTS
Inclusions
Parcel Number: 05066-0056
TaxMap Number: 05066-0056
Ownership
Buyer's Brokerage Compensation: 1%
SCHOOL INFORMATION
Midd School District: City of New York
High School District: City of New York
Elementary School: Call Listing Agent
Elem School District: City of New York
High School: Call Listing Agent
Middle School: Call Listing Agent
Courtesy Of eXp Realty
IDX Information
IDX information is provided exclusively for consumers' personal, non-commercial use. This information may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This data is deemed reliable but is not guaranteed accurate by the MLS.