Multi Family 2-4 in Bronx County
| MLS Number | 951093 |
|---|---|
| Address | 831 E 221st Street, Bronx, NY 10467 show map |
| Price | $1,100,000 show mortgage calculator |
| Acres | 0.066023875114784 |
| Year Built | 2001 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $9,326 |
| Total Apt Units | 3 |
| Total Bedrooms | 7 |
| # 1 Brs | 1 |
| # 3 Brs | 2 |
Prime Income-Producing 3-Family Investment Opportunity in a desirable residential section of the Northeast Bronx. This well-maintained asset features two oversized 3-bedroom, 2-bath apartments, each offering approximately 1,300 square feet of living space, plus a 1-bedroom, 1-bath unit, creating an attractive and diversified rental mix. The property is fully tenant-controlled with separate utilities, including three boilers and three hot water tanks, significantly reducing owner expenses and maximizing net operating income. Two units are occupied by long-term, stable tenants who wish to remain, while the third unit is lease-protected, providing immediate and predictable cash flow. Additional value is enhanced by a 1-car garage and rear yard access through the garage, offering functional amenities and access to the backyard. Located in a strong residential neighborhood with convenient access to public transportation, major highways, shopping, and entertainment, this property benefits from consistent rental demand and long-term appreciation potential. Ideal for investors seeking strong in-place income with upside potential and owner occupants for steady cash flow, in one of the Bronx’s established multifamily markets. PHOTOS COMING SOON!!
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