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Multi Family 2-4 in Bronx County
MLS Number951093
Address831 E 221st Street, Bronx, NY 10467 show map
Price$1,100,000 show mortgage calculator
Acres0.066023875114784
Year Built2001
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High School
Estimated Taxes$9,326
Total Apt Units3
Total Bedrooms7
# 1 Brs1
# 3 Brs2
Remarks

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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This listing is Courtesy of EXIT Realty Private Client (718-684-6620).

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