249 Willis Ave, The Bronx, NY 10454

This exceptional 5-story mixed-use building at 249 Willis Avenue in the Mott Haven section of the Bronx presents a compelling investment opportunity. The 11,550 square foot property, built in 1905, boasts a prime corner location on a high-traffic retail corridor, offering excellent visibility and accessibility. The building comprises 18 residential apartments and one retail space, generating a strong net operating income (NOI) of $128,530. Its convenient location provides easy access to shopping, dining, and public transportation, including the nearby 3rd Avenue Station. The property sits on a 25' x 100' lot, with building dimensions of 25' x 96'. Zoned R6 and C1-4, this walk-up building offers significant potential for future development or value appreciation. The building's solid construction and consistent income stream make it an attractive asset for discerning investors seeking a stable and profitable investment in a rapidly developing neighborhood. The property's strong cash flow, combined with its strategic location and flexible zoning, positions it for long-term growth and success. This is a rare opportunity to acquire a well-maintained, income-producing property in a thriving Bronx neighborhood. Block and lot information is 02301/0023.