1610 Melville Street, Bronx, NY 10460 For Sale

Exceptional 3-family investment opportunity in the highly desirable Morris Park section of the Bronx, ideally located near the 2 and 5 subway lines and multiple bus routes for easy commuting. This well-maintained property is in good condition and equipped with security cameras, offering both comfort and peace of mind. The property features strong in-place income and low operating expenses, including a 1-bedroom unit generating $2,484/month, a 2-bedroom/2-bath unit at $2,762/month, and a spacious 3-bedroom/2-bath owner's unit with projected rental income of $3,200-$3,500/month. All tenants pay their own utilities, including gas, electric, and heat, significantly reducing landlord expenses and maximizing net operating income. With over $100,000 in gross annual income, this property is ideal for investors seeking solid cash flow or owner-occupants looking to offset their mortgage with substantial rental income. Located in the heart of Morris Park, this property is surrounded by shopping, restaurants, schools, and essential amenities, with strong rental demand and long-term appreciation potential. The top-floor unit offers additional upside, making this a versatile opportunity for both immediate returns and future growth. A rare chance to acquire a high-performing multi-family in one of the Bronx's most sought-after neighborhoods.