Multi Family 2-4 in Bronx
MLS Number | 6275734 |
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Address | 1122 Fox Street, BRONX, NY 10459 show map |
Price | $1,349,999 show mortgage calculator |
Acres | 0.045913682277319 |
Year Built | 1901 |
Est. Sq. Footage | 5280 |
Elementary School | Call Listing Agent |
Jr High-Middle School | Call Listing Agent |
High School | Call Listing Agent |
Estimated Taxes | $1,243 |
Total Apt Units | 4 |
Total Bedrooms | 17 |
Douglas Elliman has been retained on an exclusive basis to arrange the sale of 1122 Fox St, a 5,280 sqft, four-unit, walk-up townhouse, in the Foxhurst section of the Bronx. This residential building contains four floor-through, oversized apartment units. Featuring 17 bedrooms in total A $250,000 investment was made into the property in 2018, which contributes to its low operating costs and above-market cap rate. Tenants pay for their own electric, cooking gas, and hot water, while the owner pays for the building's heat. With current income the property boasts a cap rate of 9.1%, and given the updated rent guidelines an investor could achieve almost 11% as the leases are renewed. Local shopping along the Westchester Ave and Southern Blvd commercial corridors. Conveniently located along the MTA's number 2 and 5 train lines, only two blocks from the Simpson Street station
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