7-unit multifamily, 5.3% cap rate, fully-occupied and well maintained property located in the Bronx, just two blocks from the 2 / 5 train! This income-generating asset offers a stable and lucrative investment with gross income of $143,000 annually. All units are fully occupied and leased ensuring consistent cash flow with the potential for rent increases. **Unit Mix and Rents:** - **Apt. 1:** $1,546.64 - 1 bedroom - **Apt. 2:** $1,577.93 - 1 bedroom - **Apt. 3:** $1,721.74 - 2 bedroom - **Apt. 4:** $1,962.40 - 1 bedroom - **Apt. 5:** $1,968.71 - 2 bedroom - **Apt. 6:** $1,600.00 - 1 bedroom - **Apt. 7:** $1,548.75 - 1 bedroom Key property features include: - **Recent Improvements:** Recently painted hallways, a repointed brick facade, a roof under 10 years old, a newly installed front walkway, and plans for a new intercom system installation. - **Expenses:** Annual expenses total $62,402.46, broken down as electricity ($960), water ($8,000), heating oil ($26,021.90), and property taxes ($27,420.56). - **Stable Tenancy:** With all units currently occupied the property is already income producing. Ideal for anyone seeking a robust investment in a thriving community. Property sold as-is.
Property Details
Property Features
Property Information:
Year Built: 1927
Living Area: 5,375 SqFt
Listing Office:
Office Name: eXp Realty
Office Phone: (888) 276-0630
Exterior Features
Parking Information:
Attached Garage: No
Parking: On Street
Utilities
Utilities Information:
Heating: Oil, Hot Water
Cooling: Window Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $1,474,000
Price Per SqFt: $274/SqFt
Tax Information:
Annual Amount: $23,909
Tax Year: 2020
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Housing Market Comparison
See how this home compares to others in Bronx, NY.
This property is $899.5K more than the Median List Price and $70/SqFt less than other homes in Bronx, NY.
Based on homes listed in the last 12 months
MLS Details
MLS Information:
MLS Name: ONEKEY
MLS Number: #H6301563
Listing Office:
Office Name: eXp Realty
Office Phone: (888) 276-0630
Listings courtesy of OneKey MLS as distributed by MLS GRID.
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.
The data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.
Information Copyright 2024, OneKey™ MLS. All Rights Reserved. Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available. Last updated on: 5/31/2024, 11:56:31 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.
Property Sales & Tax
Listing History
DATE
EVENT
PRICE
Oct 09, 2008
Oct 09, 2008Home Sold
$750,000
Tax History
YEAR
PROP. TAX
ASSESSMENT
2020
$23,909
$379,800
2018
$20,255
$171,947
2017
$19,010
$159,250
History based on county public records data.
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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
6
/10
PS 16 Wakefield
4550 Carpenter Ave
Distance between this listing and this school0.17 miles
Public District Grades PK-5
3
/10
PS 103 Hector Fontanez
4125 Carpenter Ave
Distance between this listing and this school0.63 miles
Public District Grades KG-5
5
/10
PS 87
1935 Bussing Ave
Distance between this listing and this school0.66 miles
Public District Grades KG-5
Nearby Schools
9
/10
PS 19 Judith K Weiss
4318 Katonah Ave
Distance between this listing and this school0.56 miles
Public District Grades KG-8
4
/10
Bronx Alliance Middle School
3750 Baychester Ave
Distance between this listing and this school1.30 miles
Public District Grades 6-6
5
/10
Baychester Middle School
3750 Baychester Ave
Distance between this listing and this school1.30 miles
Public District Grades 6-8
Nearby Schools
5
/10
Yonkers Montessori Academy
160 Woodlawn Ave
Distance between this listing and this school0.56 miles
Public Magnet Grades PK-12
2
/10
New World High School
921 E 228th St
Distance between this listing and this school0.87 miles
Public District Grades 9-12
2
/10
Bronxwood Preparatory Academy (The)
921 E 228th St
Distance between this listing and this school0.87 miles
The neighbors living near this home have an average income of $69,444. Most Bronx, NY residents have annual incomes between $35k-100k. Most families are single, no kids. Most residents in this area have high school diploma education.
This home is located at 4429 Carpenter Ave in Bronx, NY and zip code 10470 in the Wakefield neighborhood. This 5,375 square foot home was built in 1927. It has been listed on Rocket Homes since April 18, 2024 and is currently priced at $1,474,000.
In April 2024 in Bronx, NY there were 9.5% more homes for sale than in March 2024. Listings spent 165 days on the market in April 2024, and had a median list price of $574,421 during the same period.
From Rocket Homes Real Estate and based on county public records data.