This fully occupied multi-family property is generating a total monthly rent roll of $7,626 and offers strong, consistent income. The well-maintained home includes three income-producing units: a 3-bedroom apartment on the top floor, a 2-bedroom apartment on the first floor, and a 2-bedroom accessory unit in the basement.
The property is being sold with tenants in place, making it ideal for investors seeking immediate rental income. Situated in the highly desirable Pelham Bay neighborhood, it's close to parks, shopping, public transportation, and other local amenities.
First showing will be held during the posted open house—no private appointments available.
Don't miss this turn-key investment opportunity in one of the Bronx's most sought-after locations!
1423 Edwards Avenue, Bronx, NY, 10461
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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