1349 Elder AVE new Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10472
Key Details
Property Type Commercial
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 895571
Rental Info No
Year Built 1926
Annual Tax Amount $13,174
Lot Size 8,524 Sqft
Acres 0.1957
Property Sub-Type Mixed Use
Source onekey2
Property Description
Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts.
The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting.
Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses.
A high-yield, low-maintenance asset with upside potential in a growing corridor.
Location
State NY
County Bronx County
Rooms
Basement Unfinished
Interior
Heating Natural Gas,Radiant,Steam
Cooling Wall/Window Unit(s)
Flooring Hardwood
Fireplace No
Exterior
Fence Fenced
Utilities Available Electricity Available,Electricity Connected,Natural Gas Available,Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Stone
Others
Special Listing Condition None