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Real Estate for Sale

FULLY VACANT 8-UNIT MULTIFAMILY IN PRIME BRONX $2,500,000 University Heights

FULLY VACANT 8-UNIT MULTIFAMILY IN PRIME BRONX ,500,000 University Heights
Location: new york city

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FULLY VACANT 8-UNIT MULTIFAMILY IN PRIME BRONX $2,500,000 University Heights


8BR / 8Ba


3000ft2

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TURNKEY CASH FLOW OPPORTUNITY — CONTROL YOUR TENANT BASE DAY 1!

🏢 PROPERTY FEATURES:
✅ Fully Vacant 8-Unit Multifamily
✅ Studios & 1-Bedroom Mix (Alcove, Backyard & Balcony Layouts)
✅ Delivered 100% Vacant — No Holdover Tenants
✅ Voucher Rent Projections Approved — Ready for Lease-Up
✅ Water & Sewer Sub-Metered (Lower Landlord Costs)
✅ Very Low Maintenance Asset
📊 FINANCIAL SNAPSHOT (PROJECTED):
💵 Gross Rent Potential: $19,450/month | $233,400/year
💵 Projected NOI: $190,796/year
💵 Stabilized Cap Rate: 6% – 8%
💵 Total Annual Expenses: ~$42,700
🚀 INVESTOR ADVANTAGE:
✔ Full Lease-Up Control
✔ 1031 Exchange Ready
✔ Strong Voucher & Program Demand Market
✔ Financeable Asset (Conventional or Agency Loans)
✔ Excellent for Passive Income or Owner-Operator
🌆 PRIME BRONX LOCATION:
📍 Highbridge / Grand Concourse Corridor
📍 Steps to Subway, Highways & Retail
📍 Minutes to Yankee Stadium, BronxCare, Columbia Hospitals & More
📍 High Tenant Demand | Fast Lease-Up Area

post id: 7858495631

posted: 2025-06-16 00:43

updated: 2025-06-16 00:45



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