Eric Jackson
Eric Jackson
Call: (cell) (516) 236-1396
Text: (516) 236-1396
MLS#1047740
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBronx 11
Property Description
Prime Investment Opportunity on the Bronx/Mount Vernon Border! This legal 4-family property delivers strong immediate cash flow with incredible value-add potential. The layout features three spacious 2-bedroom apartments and one 1-bedroom apartment, complemented by a bonus basement unit. Currently producing impressive rental income with existing rents at $2,885, $2,997, and $2,750. The building offers immediate flexibility for either an owner-occupant or an investor looking to capitalize on market-rate upside with 1 vacant unit ready for custom delivery or fresh tenancy. Ideally situated just steps from the Mount Vernon line and a short walk to the 2/5 subway lines, offering seamless commuting options into Manhattan. High demand location, steady returns, and major growth potential make this turnkey multi-family a standout addition to any portfolio!
Property Features
Property Type: Multi Unit - Multiple
Basement: Finished
Basement: Yes
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.06 Acres
Taxes: $15,903
Year Built: 1931
Amenities
First Floor Bedroom
First Floor Full Bath
Feature Descriptions
Building Area Total: 3460
Exterior: Brick
On Market Date: 2026-09-07
Parcel Number: 05115-0015
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected
Water: Public
Local Schools
High School: Acad-Scholarship & Entrepreneurship
Middle School: North Bronx School Of Empowerment
Elementary School: Ps 16 Wakefield
School District: Bronx 11
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Estimated Payment
$ 4,975.24 per month $3,227.07 Principal & Interest $1,325.25 Property Tax $422.92 Homeowner's InsuranceChange Payment Information
Listed By / Shown By
Listing By
Agency Name: Keller Williams Realty Group
Agency Contact: 914-713-3270
Shown By
Agent Name: Eric Jackson
Agent Phone: Cell: (516) 236-1396
Agency Title: Laffey Real Estate
719 E 242nd Street | MLS# 1047740
This multi-family property located at 719 E 242nd Street , Bronx, NY 10470 is currently listed for sale with an asking price of $1,450,000. E 242nd Street is located within the Bronx 11 school district. Search Bronx real estate on ericjackson.laffey.com today.