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Multi Family 2-4 in Bronx County
MLS Number982360
Address924 Rev James Polite Avenue, Bronx, NY 10459 show map
Price$1,551,000 show mortgage calculator
Acres0.050275482093664
Year Built2005
Est. Sq. Footage0
Elementary SchoolUrban Scholars Community School
Jr High-Middle SchoolSchool Of Performing Arts
High SchoolMetropolitan High School (The)
Estimated Taxes$1,547
Total Apt Units4
Total Bedrooms5
# 1 Brs2
# 2 Brs1
Remarks

Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.

Amenities

This listing is Courtesy of EXP Realty (888-276-0630).

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