721 E 222nd Street, Bronx, NY 10467

$1,299,999
6
BD
5
BA
3,150
SqFt
List Price
$1,299,999
Days on Market
12
MLS#
H6288297
Status
PENDING
Property Type
Multi Family
Year Built
1930
Property Tax
$7,051
Neighborhood
Bronx
School District
City Of New York
High School
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Jr. High
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Elementary School
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Property Description

Introducing 721 East 222nd Street, a legal 5-family gem in the Bronx, ready for an investor's touch. This three-level building, with a usable basement, is vacant and partially gutted, primed for transformation to maximize market rents. No rent-stabilized or controlled units, paving the way for income optimization. The building features a decade-strong roof and is prepped for tenant-paid utilities, with the oil tank removed and 6 gas/electric meters installed. Con Edison is set to enhance power with a 600amp triple-phase service upgrade. Located near the 2/5 subway lines, the property ensures easy commute, boosting tenant appeal. It offers one parking spot and a spacious storage shed, adding convenience. This property is an investor's canvas, ready to be transformed into a lucrative asset in a resilient and growing borough. Seize this opportunity to be part of the Bronx renaissance.

Additional Information

Bedrooms
6
Bathrooms
5
Full Baths
5
Square Footage
3,150
Acres
0.05
Parking
Driveway
Heating
Natural Gas, None
Cooling
None, Window Unit(s)
Water
Public
Sewer
Public Sewer

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Michael A. Moretti (mmoretti5643@gmail.com) from Listing Office: eRealty Advisors, Inc.

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