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$ 1,400,000
Est. payment | /mo
1,873 Sqft Lot
$ 1,400,000
Est. payment | /mo
1,873 Sqft Lot
Key Details
Property Type Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 851277
Rental Info No
Year Built 1920
Annual Tax Amount $4,340
Lot Size 1,873 Sqft
Acres 0.043
Property Sub-Type Multi Family
Source onekey2
Property Description
Welcome to 1687 Jerome Avenue, a fully renovated mixed-use property located in the heart of the Bronx. This turn-key investment offers strong income potential with minimal expenses, making it an ideal opportunity for both investors and end-users. The ground floor features a retail storefront currently leased to a CPA on a stable five-year lease. Above the retail space are two newly renovated three-bedroom residential units, both delivered vacant and ready for immediate occupancy. The second-floor unit offers spacious living with modern updates, while the third-floor unit includes a private rear patio, perfect for added outdoor enjoyment. The seller has completed full renovations throughout the building and has separated all heating systems for added efficiency and tenant convenience. With very low property taxes and excellent rental demand in the area, this property presents a rare opportunity to own a well-maintained, income-producing asset in a prime Bronx location.
Location
State NY
County Bronx County
Interior
Cooling Central Air
Fireplace No
Exterior
Utilities Available Electricity Connected, Natural Gas Connected
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Special Listing Condition None
Listed by Realty Executives Today