About 1349 Elder Avenue
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.
Features of 1349 Elder Avenue
| MLS® # | 895571 |
|---|---|
| Price | $1,225,000 |
| Bathrooms | 0.00 |
| Square Footage | 2,420 |
| Acres | 0.20 |
| Year Built | 1926 |
| Type | Commercial |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 1349 Elder Avenue |
|---|---|
| City | Bronx |
| County | Bronx County |
| State | NY |
| Zip Code | 10472 |
Additional Information
Listing Details
| Office | YourHomeSold Guaranteed Realty |
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