Multi Family 5+ in Bronx County
| MLS Number | 1042431 |
|---|---|
| Address | 937 E Gun Hill Road, Bronx, NY 10469 show map |
| Price | $1,999,999 show mortgage calculator |
| Acres | 0.12913223140496 |
| Year Built | 1928 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $11,786 |
| Total Apt Units | 7 |
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.
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