724 Manida StThe Bronx, NY 10474

Property Details for 724 Manida St

Property size (Sq ft)

2,700 SF

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional two-family apartment building, located at 724 Manida Street in the Bronx, NY 10474, presents a compelling investment opportunity. The property boasts a total of 2,700 square feet and features two units, each spanning a full floor. Both units are fully renovated and offer three bedrooms and two bathrooms, showcasing modern kitchens and sleek hardwood floors. Recent upgrades include a brand new roof and windows, ensuring long-term value and reduced maintenance costs. Each unit also benefits from its own furnace and hot water system, providing independent climate control and utility management. The property includes a wide shared driveway and two dedicated off-street parking spaces at the rear. An unfinished basement offers significant potential for customization and added value. Situated in the vibrant Hunts Point neighborhood, this property enjoys convenient access to parks, schools, shopping centers, and public transportation. The asking price is $1,049,000, representing a price per square foot of $388.52 and a price per unit of $524,500. With an 8.00% cap rate, this stabilized investment offers strong potential for passive income and appreciation. This Class A property is ideal for discerning investors seeking a high-return, low-risk opportunity in a thriving Bronx neighborhood.

Location Insight

City

The Bronx

County

Bronx

State

New York

Latitude

40.815

Longitude

-73.8883

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