Multi Family 5+ in Bronx County
| MLS Number | 981692 |
|---|---|
| Address | 4383 Matilda Avenue, Bronx, NY 10466 show map |
| Price | $1,555,000 show mortgage calculator |
| Acres | 0.057392102846648 |
| Year Built | 1930 |
| Est. Sq. Footage | 0 |
| Elementary School | |
| Jr High-Middle School | |
| High School | |
| Estimated Taxes | $29,540 |
| Total Apt Units | 7 |
Prime Wakefield Investment — 7-Unit Income-Producing Property Near Transit. Exceptional opportunity to own a brick 3-story multifamily building in the Wakefield section of the Bronx—one of the city’s strongest and most consistent rental markets. 7 total income-generating units, including: • Five 2-bedroom apartments • One 1-bedroom apartment • Bonus 2-bedroom unit in the basement Perfect for investors seeking strong cash flow, portfolio expansion, or owner-occupants looking to offset living costs with rental income. • Gross Rental Income: $169,020 annually • Total Expenses: $58,427.72 • Net Operating Income (NOI): $110,592.28 • Cap Rate: ~7.1% • GRM (Gross Rent Multiplier): ~9.2 Major capital improvements completed (boiler, roof, gas lines, oil tanks). Just 2 blocks from the Nereid Ave / White Plains Rd station (2 & 5 trains), offering a quick and convenient commute throughout NYC. Surrounded by local shops, restaurants, schools, and public transportation, making it extremely attractive to tenants.
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