937 E Gun Hill Road, Bronx, NY 10469

$1,999,999
List Price
$1,999,999
Days on Market
0
MLS#
1042431
Status
ACTIVE
Property Type
Multi Family
Year Built
1928
Property Tax
$11,785
Neighborhood
Bronx
School District
Contact Agent

Property Description

Prime Bronx Investment Opportunity – Legal 5-Family + Commercial Storefront + Additional 1-Family Property Rare opportunity to acquire a legal 5-family income-producing property with a commercial storefront, plus a separate 1-family property (937B) situated on the same lot. The combined properties offer an attractive mix of residential and commercial income with significant investment potential. The property currently generates approximately $13,000 per month in gross income, while annual property taxes are approximately $12,000, providing a compelling income-to-expense profile. The commercial storefront adds valuable flexibility and potential for additional upside. Ideal for investors seeking a multi-family asset with multiple income streams, or an owner-user looking to maximize the property's long-term potential. The property's legal 5-family configuration, commercial component, and additional 1-family structure make this a unique offering in the Bronx market. Motivated seller – all reasonable offers will be considered. Excellent opportunity for an investor looking to acquire a substantial income-producing property with room for future growth. Showings by appointment. Buyer to independently verify all information, including legal use, zoning, income, taxes, and property dimensions.

Additional Information

Acres
0.13
Parking
None
Heating
Natural Gas
Cooling
None
Water
Public
Sewer
Public Sewer

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Rabindranaut Persaud (rob.persaud@kw.com) from Listing Office: Keller Williams Realty NYC Grp.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.