For Sale
$1,200,000

958 Anderson AveBronx, NY 10452

High-Yield Bronx Multifamily, Near Yankee Stadium

Overview

Added:
Feb 3
Days on market:
71
This exceptional eight-unit multifamily property at 958 Anderson Avenue in the Bronx, New York, presents a compelling investment opportunity. Boasting a total of 10,152 square feet on a 0.09-acre lot, the building is currently fully occupied, generating strong rental income. The property comprises a diverse mix of units: four spacious four-bedroom units and four two-bedroom units, providing a variety of living options for tenants. Each unit is equipped with its own bathroom, resulting in a total of 24 bedrooms and 8 bathrooms across the entire building. A significant advantage is the month-to-month lease structure, offering flexibility and potential for increased rental income. The building also includes a basement unit with a separate entrance, featuring three bedrooms and one bathroom, adding to the overall rental potential. Conveniently located near Yankee Stadium, major schools, hospitals, and the Bronx Courthouse, this property benefits from excellent accessibility. Public transportation is readily available, with proximity to the 4 and D subway lines and several bus routes (Bx6, Bx13, BxM4, Bx2, Bx1, and BxM4). The landlord is responsible for maintenance, heat, and hot water, while tenants cover electricity and cooking gas. This turnkey investment is being sold as-is, offering a chance to acquire a profitable multifamily property in a prime Bronx location. The property's strong occupancy rate, diverse unit mix, and convenient location make it an attractive prospect for investors seeking a stable and potentially high-yielding asset.

Property Details for 958 Anderson Ave

Property type
Commercial real estate
Square Feet
10,152 SF
Year Built
1908
Lot Size (sq. ft)
3,920 SF

Location Insight

City
Bronx
County
Bronx County
State
New York
Latitude
40.83125
Longitude
-73.92764
958 Anderson Ave, Bronx, New York

FAQs

What type of property is this?
Commercial real estate - High-Yield Bronx Multifamily, Near Yankee Stadium
Where is the commercial real estate located?
The property is located at 958 Anderson Ave Bronx, NY.
What is the asking price?
The asking price for this property is $1,200,000.
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958 Anderson Ave
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