1. New York
2. Bronx
3. 1349 Elder Avenue

1349 Elder Avenue, Bronx, NY 10472

• 2,420 sqft

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.

Listing Status:

Active

Listing Office:

YourHomeSold Guaranteed Realty : 718-684-2400

MLS ID:

895571

Interior

• Basement: Unfinished
• Flooring: Hardwood
• A/C: Wall/Window Unit(s)
• Heating: Natural GasRadiantSteam

Location

• Originating MLS: onekey2
• County: Bronx County

Lot

• Zoning: r603862-0023
• Fencing: Fenced

Utilities

• Utilities: Electricity AvailableElectricity ConnectedNatural Gas AvailableNatural Gas Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2

This listing courtesy of YourHomeSold Guaranteed Realty