924 Rev James Polite Avenue, Bronx, NY 10459
- $1,551,000
- 5
- BD
- 5
- BA
- List Price
- $1,551,000
- Days on Market
- 116
- MLS#
- 982360
- Status
- ACTIVE
- Bedrooms
- 5
- Bathrooms
- 5
- Lot Size
- 2190
Property Description
Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.
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Additional Information
- Year Built
- 2005
- School District
- Bronx 12
- Elementary School
- Urban Scholars Community School
- Middle School
- School Of Performing Arts
- High School
- Metropolitan High School (The)
- Taxes Total
- 1547
- Heating
- Natural Gas
- Parking
- None
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $1,547
Mortgage Calculator
Listing courtesy of Listing Agent: William Astudillo (williamarealtor@gmail.com) from Listing Office: EXP Realty.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.