924 Rev James Polite Ave, Bronx NY
Mixed Use | 7.88% CAP
Marketing description
Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income. Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.8% return at current pricing, with additional upside potential from on-site advertising income. Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants. All income, expense, and return figures are approximate and should be independently verified.
Investment highlights
High-income mixed-use asset generating approximately $12,500/month ($155,000 annually) with an estimated NOI of ~$122,289. This supports an approximate 7.5% cap rate at ~$1.6M, with upside potential exceeding 8%+ when factoring in full advertising income. Property consists of 3 residential units + 1 commercial space + billboard/advertising income (~$3,500/month). Multiple revenue streams not typically found in comparable properties. Strong in-place cash flow with room to optimize expenses and increase returns. Low taxes and solid rent roll make this an attractive yield play for investors seeking immediate income. Advertising income currently active but should be underwritten separately. First-floor unit includes utilities. Ideal for cash or portfolio investors. All figures are approximate; buyer to verify independently. Access by appointment only. Do not disturb tenants.
The information has been provided by the Seller and has not been verified by the Broker. Information is deemed reliable but not guaranteed.
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