Exceptional Investment Opportunity – Legal 3-Family Property in the Bronx

Rare opportunity to own a legal 3-family income-producing property in the Bronx, offering strong current rental income, flexible living space, and significant potential for future rental growth.

Property Configuration

1st Floor + Basement

2-bedroom / 2-bathroom apartment
Current rent: $2,600/month
Finished basement providing big additional flexible space

2nd Floor

3-bedroom / 2-bathroom apartment
Current rent: $2,600/month

3rd Floor

3-bedroom / 2-bathroom apartment
Current rent: $2,600/month

Property Taxes: $10,486/year
Insurance: $3,730/year
Total Property Tax & Insurance: $14,216/year
Below-Market Rents: Current rents are below estimated market levels, providing meaningful potential for future rental growth
Tenants pay their own heat and gas
Property Highlights
Legal 3-Family Property
Approximately 3,471 SF
3 units / 8 bedrooms / 6 bathrooms
Three full residential floors
Flexible 2-bedroom and 3-bedroom layouts
Finished basement with additional flexible space
Strong current rental income with significant potential for rent increases
Relatively low property taxes and insurance expenses
Excellent opportunity for investors seeking current cash flow and future rental upside