1349 Elder Avenue
Bronx,
NY
10472
- Commercial
- Year Built 1926
- Mixed Use
- ML# 895571
Property Details
Overview
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.
Key Facts
- •Lot Size: 0.1957
- •Lot Sq Ft: 8524
- •Taxes: $13,175
- •Sale or Rent: Sale
- •Zoning: r6
- •Construction Materials: Stone
- •Wood Floors: Yes
- •Heat: Natural Gas, Radiant, Steam
- •A/C: Wall/Window Unit(s)
- •Water: Public
- •Sewer: Public Sewer
Listing Information provided courtesy of
YourHomeSold Guaranteed Realty
718-684-2400
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