707 189Th StThe Bronx, NY 10458

This exceptional 5-unit multifamily property, located in the desirable Belmont section of the Bronx, presents a compelling investment opportunity. Boasting a 7% cap rate and a strong $80,000 NOI, this 100% occupied building offers immediate cash flow. The property features a mix of studio, one-bedroom, and two-bedroom apartments, totaling 10 beds across 3,675 net rentable square feet within a 4,500 square foot building. Renovated in 2015, this three-story building, constructed in 1931, includes a finished walk-out basement and three off-street parking spaces. Its prime location near Arthur Avenue (Little Italy), Fordham University, and the Bronx Zoo ensures high demand and rental stability. The property is zoned C81 and currently operates as free-market apartments, presenting significant potential for rent increases or conversion to student housing given its proximity to Fordham University. The building is free of violations and arrears, offering a clean and quiet living environment for tenants. This is a rare opportunity to acquire a well-maintained, high-performing multifamily asset in a rapidly appreciating area. The asking price is $1,150,000.