1042 Washington Ave

Introducing 1042 Washington Avenue! Fully Renovated - High income producing three-story masonry building located in the Morrisania section of the Bronx. The building consists of 3 free market residential units plus ground floor retail space with full height basement. Ideal property for investors or end users alike, all units are currently rented with in place income yielding an estimated 7% CAP Rate!!!! The building is approximately 25' wide x 45' deep and sits on a 25'x86'lot. Zoning M1-1/R7-2, MX-7 with additional FAR and Favorable Tax Class 2A.
The retail space offers approximately 1,250 sf, plus basement and large outdoor space. The 2nd floor unit is a 3-bedroom,1 bathroom with open concept living/dining/ kitchen space. 3rd floor front and back units are 2 bedrooms, 1 bathroom with open concept living/dining/ kitchen space. Building is Fully RenovatedThe area is undergoing a surge of new development coupled with its proximity for commuters to Manhattan, &Westchester. Located near the Grand Concourse, Yankee stadium, Parks, the Bronx Museum of the Arts, and a short walk to Melrose Train Station with trains every 30 mins at peak times.