424 East 161st Street

A turn-key investment opportunity in the Bronx with a 5.5% cap rate. This two over one was gut renovated in 2008 with new plumbing, electrical and mechanicals. On the ground floor a pizzeria in excellent condition can be transferred (along with all equipment) in the purchase. Above, two 4 bedroom 1.5 bath rentals at 1,430 square feet generate rental income. Each floor has a dedicated boiler and water heater. Can be delivered vacant.