1008 University Ave The Bronx, NY 10452

This exceptional investment opportunity presents a portfolio of three multifamily properties located in the Bronx, New York. The portfolio comprises a total of twelve units across three buildings, encompassing 9,252 square feet of net rentable space situated on a 5,766 square foot lot. Each building offers unique features; one boasts three units and significant air rights potential (5,000 sq ft), another features three units with historic charm, and the third includes five residential units and one commercial space. The properties are currently operating at 100% occupancy, generating a substantial total gross income of $398,688. This translates to a strong net operating income (NOI) of $343,052 and an attractive cap rate of 6.24%, indicating a promising return on investment. The asking price for this entire portfolio is $5,500,000, representing a price per unit of $458,333.33 and a price per square foot of $594.47. The properties are classified as Class C and are spread across three stories. This portfolio offers a compelling investment opportunity in a desirable location, presenting a solid foundation for long-term growth and profitability. The individual property addresses are 1008 University Ave, 662 Jefferson Place, and 1725 E 172nd St, all within Bronx County, NY, and utilizing zip codes 10452, 10456, and 10472 respectively.