4429 Carpenter Avenue, BRONX

7-unit multifamily, 5.3% cap rate, fully-occupied and well maintained property located in the Bronx, just two blocks from the 2 / 5 train! This income-generating asset offers a stable and lucrative investment with gross income of $143,000 annually. All units are fully occupied and leased ensuring consistent cash flow with the potential for rent increases. **Unit Mix and Rents:** - **Apt. 1:** $1,546.64 - 1 bedroom - **Apt. 2:** $1,577.93 - 1 bedroom - **Apt. 3:** $1,721.74 - 2 bedroom - **Apt. 4:** $1,962.40 - 1 bedroom - **Apt. 5:** $1,968.71 - 2 bedroom - **Apt. 6:** $1,600.00 - 1 bedroom - **Apt. 7:** $1,548.75 - 1 bedroom Key property features include: - **Recent Improvements:** Recently painted hallways, a repointed brick facade, a roof under 10 years old, a newly installed front walkway, and plans for a new intercom system installation. - **Expenses:** Annual expenses total $62,402.46, broken down as electricity ($960), water ($8,000), heating oil ($26,021.90), and property taxes ($27,420.56). - **Stable Tenancy:** With all units currently occupied the property is already income producing. Ideal for anyone seeking a robust investment in a thriving community. Property sold as-is.

Properties for Sale Similar to 4429 Carpenter Avenue, BRONX, NY

710 Saint Ouen Street, BRONX

$1,300,000 - 6 Beds, 2 Baths, 2,761 Sf

MLS® # H6299041

Status: Active

4518 Richardson Avenue, BRONX

$1,200,000 - 7 Beds, 5 Baths, 2,376 Sf

MLS® # H6295581

Status: Active

4790 Barnes Avenue, BRONX

$1,550,000 - 9 Beds, 5 Baths, 4,356 Sf

MLS® # H6256947

Status: Active