Multi Family 2-4 in Bronx County
| MLS Number | 1047740 |
|---|---|
| Address | 719 E 242nd Street, Bronx, NY 10470 show map |
| Price | $1,450,000 show mortgage calculator |
| Acres | 0.057392102846648 |
| Year Built | 1931 |
| Est. Sq. Footage | 0 |
| Elementary School | Ps 16 Wakefield |
| Jr High-Middle School | North Bronx School Of Empowerment |
| High School | Acad-Scholarship & Entrepreneurship |
| Estimated Taxes | $15,903 |
| Total Apt Units | 4 |
| Total Bedrooms | 6 |
| # 1 Brs | 1 |
| # 2 Brs | 3 |
Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!
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