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About the Listing EXRLPR01 - 32434
Prime Income-Producing 3-Family Investment Opportunity in a desirable residential section of the Northeast Bronx. This well-maintained asset features two oversized 3-bedroom, 2-bath apartments, each offering approximately 1,300 square feet of living space, plus a 1-bedroom, 1-bath unit, creating an attractive and diversified rental mix. The property is fully tenant-controlled with separate utilities, including three boilers and three hot water tanks, significantly reducing owner expenses and maximizing net operating income. Two units are occupied by long-term, stable tenants who wish to remain, while the third unit is lease-protected, providing immediate and predictable cash flow. Additional value is enhanced by a 1-car garage and rear yard access through the garage, offering functional amenities and access to the backyard. Located in a strong residential neighborhood with convenient access to public transportation, major highways, shopping, and entertainment, this property benefits from consistent rental demand and long-term appreciation potential. Ideal for investors seeking strong in-place income with upside potential and owner occupants for steady cash flow, in one of the Bronx’s established multifamily markets.
Listing Highlights
Interior Details
- Bedrooms: 7
- Bathrooms: 5 Full
- Appliances:
- Air Cond: Wall/Window Unit(s)
- Heating: Baseboard
- Fireplaces:
- Floor:
- Above Ground Sq Ft:
- Below Ground Sq Ft: n/a
- Basement:
- Other: Open Floorplan,Primary Bathroom
- Water: Public
Exterior Details
- Lot Description: No Waterfront
- Garage Capacity: 1 car
- Roof:
- Others:
- Sewer: Public Sewer
- Parking Features: Garage
Financial Details
- Tax Amount: $9,326
- Taxes w/Assessments: N/A
- Tax/Property ID: 04680-0020
- Tax Year: N/A
Payment Calculator
Monthly Payment
- in Principal and Interest
- in Taxes
Questions About..
831 E 221st St Bronx, NY 10467
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