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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.
| Location/Town | New York |
| Area/County | Bronx |
| Post Office/Postal City | Bronx |
| Prop. Type | Single Family House for Sale |
| Tax | $29,540.00 |
| Year Built | 1930 |
| Basement | Finished, Walk-Out Access |
| Construction | Brick |
| Total Units | 7 |
| Lot SqFt | 2,500 |
| Cooling | Wall/Window Unit(s) |
| Heat Source | Oil |
| Util Incl | Electricity Connected, Natural Gas Connected, Trash Collection Public, Water Connected |
| Days On Market | 1 |
| Parking Features | On Street |
| Tax Assessed Value | 436500 |
| Units | 7 |
| Features | Washer/dryer hookup |
| Listing information courtesy of: At Home With Yara Realty | |