1111 Dean AveThe Bronx, NY 10465

For Sale
$1,150,000
High-Income, Quiet Location, Strong Cash Flow

Overview

Added:
Dec 11, 2024
Days on market:
126
This exceptional three-family apartment building in the coveted Country Club section of The Bronx presents a compelling investment opportunity. Located on a quiet block just a short distance from the scenic Long Island Sound, this well-maintained property boasts three identical two-bedroom units, each offering a unique appeal. The top-floor unit features a spacious layout and a sizable balcony, while the main floor unit includes access to a private deck and backyard. The ground floor unit is equipped with a convenient in-unit washer/dryer. All units are designed to attract high-earning renters, ensuring a stable and lucrative income stream. The property benefits from excellent access to multiple public transportation options, enhancing its desirability. The current annual gross potential rent is $78,420, with excellent month-to-month tenants in two of the units. This move-in ready property offers immediate returns and the potential for significant long-term appreciation. Whether you're seeking a strong investment or a live-in opportunity with rental income offsetting mortgage costs, this property is an ideal choice. The building's durable construction and modern updates ensure lasting value and minimal maintenance needs. This is a rare opportunity to acquire a well-maintained, high-performing multifamily property in a highly sought-after Bronx neighborhood. The property is located at 1111 Dean Ave, Bronx, NY 10465.

Highlights

  • $1,150,000 asking price for this three-unit multifamily apartment building.
  • Located in a desirable, quiet area of the Country Club section of the Bronx.
  • Attracts high-income renters.
  • Excellent public transportation options nearby.
  • Three identical units provide a stable and balanced rental income stream.

Property Details for 1111 Dean Ave

Property type
Apartment buildings
Units
3

Location Insight

City
The Bronx
County
Bronx
State
New York
Latitude
40.835943956612
Longitude
-73.818185733192
1111 Dean Ave, The Bronx, New York

FAQs

What type of property is this?
Apartment building - High-Income, Quiet Location, Strong Cash Flow
Where is the apartment building located?
The property is located at 1111 Dean Ave The Bronx, NY.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: $1,150,000 asking price for this three-unit multifamily apartment building.; Located in a desirable, quiet area of the Country Club section of the Bronx.; Attracts high-income renters.
How can I contact the broker?
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1111 Dean Ave
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