Bronx, NY 10467,831 E 221st ST
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$1,100,000
Est. payment /mo
7 Beds
5 Baths
2,874 Sqft Lot
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Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

MLS Listing ID 951093

Bedrooms 7

Full Baths 5

Rental Info No

Year Built 2001

Annual Tax Amount $9,326

Lot Size 2,874 Sqft

Acres 0.066

Property Sub-Type Triplex

Source onekey2

Property Description

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.
PHOTOS COMING SOON!!

Location

State NY

County Bronx County

Interior

Interior Features Open Floorplan, Primary Bathroom

Heating Baseboard

Cooling Wall/Window Unit(s)

Fireplace No

Exterior

Parking Features Garage

Garage Spaces 1.0

Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected

Garage true

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Others

Senior Community No

Special Listing Condition None


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Listed by EXIT Realty Private Client • Lynette J. Thomas

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831 E 221st ST