Buy with Yoreevo
$1,203,562
List Price: $1,225,000
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1349 Elder Avenue
House in Soundview •  building info
studio • 8,524ft² $144 per ft²
Buy with Yoreevo

$1,203,562

List Price

$1,225,000

Key Details
Days on market
137
Last price change
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Estimated payment
$7,886/mo
Taxes
$1,098/mo
Maintenance
N/A
Description
Excellent investment opportunity in the Soundview section of the Bronx: a solid brick mixed-use building consisting of three residential apartments (two 1-bedroom units and one 2-bedroom unit) and two ground-floor commercial storefronts, one currently leased. Legal 3 family + 2 storefronts. The property is projected to generate $147,384 in gross annual income with low annual property taxes of just $13,000, offering investors a strong 11% cash-on-cash return based on conservative underwriting. Centrally located near public transportation, the building is just blocks from the Elder Ave 6 train station, major MTA bus lines, and close to the Bruckner and Cross Bronx Expressways, ensuring high accessibility for both tenants and businesses. A high-yield, low-maintenance asset with upside potential in a growing corridor.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,225,000
Asking Price: $1,225,000
Term
30 Years
Down Payment
$122,000 (10%)
Min: 10% (122,000)
Rate
6.25 %
Mortgage Amount
$1,102,500
Mortgage Payment
$6,788
Taxes
$1,098
Estimated Yoreevo rebate
$21,438
Estimated closing cost
$45,000
Total monthly cost $7,886
Buy your dream home with us and get an estimated $21,438 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of YourHomeSold Guaranteed Realty

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.