Property Description

Exceptional investment opportunity in the heart of Pelham Bay! This well-maintained 8-family brick apartment building offers a strong income-producing asset with an excellent rent roll and outstanding long-term value. The property features a desirable unit mix of six spacious two-bedroom apartments and two one-bedroom apartments, appealing to a wide range of tenants.Adding to its income potential are six private garages, providing an additional revenue stream in this highly sought-after neighborhood. The building has been thoughtfully maintained over the years, with numerous capital improvements including an updated boiler and renovations to many of the kitchens and bathrooms, allowing the next owner to benefit from a property that has been consistently cared for.Ideally located near shopping, restaurants, parks, public transportation, and major highways, this turnkey investment combines stable cash flow with future upside in one of the Bronx's most desirable neighborhoods. Whether you're expanding your portfolio or acquiring your first multifamily investment, this Pelham Bay property is a rare opportunity not to be missed.

Property Features

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