About This Home
This 6-bedroom, 3-bathroom multi-family at 719 E 242nd Street in Bronx, NY is listed for $1,350,000. Built in 1931, on a 0.06 acres lot.
Key Features
- Built in 1931
- 0.06 acre lot
Property Details
Amenities
Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit.
Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy.
Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!
Monthly Cost Estimate
$7,220/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
719 E 242nd Street
Bronx, NY 10470
Features & Amenities
Interior Features
Property Details
Construction
Heating
Cooling
Questions & Answers
This 6-bedroom, 3-bathroom multi-family at 719 E 242nd Street is listed at $1,350,000. The estimated monthly payment is $7,220 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1931, 0.06 acre lot. Interior Features: First Floor Bedroom, First Floor Full Bath.
This property is listed by Michael A. Brown and can be reached at 7185416149.
