2543-2545 Bronxwood Avenue & 3144 Hull Avenue
6.78% Cap Rate- Bronx 3 Building Multifamily Portfolio | 24 Units | $208,333/unit
Marketing description
This portfolio comprises three 4-story buildings with 8 units in each building, totaling 24 Residential Units, and is fully occupied. 3144 Hull Ave, 8 units, includes (1) oversized studio unit, and (7) 1-bedroom units, while 2543-2545 Bronxwood Ave consists of 16 units. This includes (1) studio unit, (8) 1-bedroom units, and (7) 2-bedroom units. The properties are located in the Norwood and Allerton Sections of the Bronx. Hull Avenue currently has a 421a tax abatement, which expires in 2028.
Investment highlights
Hull Avenue currently has a 421a tax abatement, which expires in 2028.
Tenant Pays: All Utilities, Cooking Gas, Electricity, Heat, Water
Natural Gas, Baseboard, Central Air, Hardwood Floors
·Possible for Buyer to undergo the process of destablzing the units after 421a exemption expires
Properties can be sold separately
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