1162 Edison Ave - Edison Ave 3 Unit Apartment Building Offered at $1,699,999 at a 4% Cap Rate Bronx, NY 10461

Welcome to 1162 Edison Avenue, a rare opportunity to own a well-maintained multifamily property in the highly desirable Pelham Bay section of the Bronx. Perfect for owner-occupants, investors, or multigenerational living, this oversized property offers spacious apartments, strong income potential, and exceptional amenities. The top-floor residence features a fully updated 3-bedroom, 2-bath layout with soaring ceilings, hardwood floors throughout, central air conditioning and heating, and both front and rear private balconies. The second-floor apartment offers a generous 3-bedroom, 2-bath floor plan with hardwood floors and front and rear balconies. The first-floor unit consists of a spacious 2-bedroom, 2-bath apartment with hardwood flooring throughout. Additional highlights include four separate gas boilers, four hot water heaters, coin-operated laundry facilities, and excellent building systems. The property also offers ample outdoor space and is conveniently located near shopping, restaurants, schools, parks, major highways, and public transportation, making commuting throughout New York City a breeze. Whether you’re looking for a primary residence with rental income or a solid investment property in one of the Bronx’s most sought-after neighborhoods, 1162 Edison Avenue is an opportunity not to be missed.