About 4429 Carpenter Avenue
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.
Features of 4429 Carpenter Avenue
MLS® # | H6301563 |
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Price | $1,515,000 |
Bathrooms | 0.00 |
Square Footage | 5,375 |
Acres | 0.00 |
Year Built | 1927 |
Type | Residential |
Sub-Type | Multi Family |
Status | Active |
Community Information
Address | 4429 Carpenter Avenue |
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City | Bronx |
County | Bronx |
State | NY |
Zip Code | 10470 |
Additional Information
Listing Details
Office | eXp Realty |
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Office Contact | (888) 276-0630 |