719 E 242nd Street, Bronx, NY 10470
- $1,450,000
- 6
- BD
- 3
- BA
- List Price
- $1,450,000
- Days on Market
- 1
- MLS#
- 1047740
- Status
- ACTIVE
- Property Type
- Quadruplex
- Year Built
- 1931
- Property Tax
- $15,903
- Neighborhood
- Bronx
- School District
- Bronx 11
- High School
- Acad-Scholarship & Entrepreneurship
- Jr. High
- North Bronx School Of Empowerment
- Elementary School
- Ps 16 Wakefield
Property Description
Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!
Additional Information
- Bedrooms
- 6
- Bathrooms
- 3
- Full Baths
- 3
- Acres
- 0.06
- Parking
- None
- Basement
- Finished
- Heating
- Natural Gas
- Cooling
- Wall/Window Unit(s)
- Water
- Public
- Sewer
- Public Sewer
Mortgage Calculator
Listing courtesy of Listing Agent: Michael A. Brown (brownm@kw.com) from Listing Office: Keller Williams Realty Group.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.