1209-1215 Elder Avenue Calling All Investors, Developers & End-Users!!! 12.75 Cap 22 Unit Bronx Apartment Building Package Just Off Westchester Ave. For Sale!!! The Buildings Feature Excellent Signage, Great Exposure, C4-2 (R6 Equivalent) Zoning, High 9' Ceilings, (22) 3 Br. Apartments, 5 Stories, Large Rear Yards, All New LED Lighting, 3 Phase Power, A/C, +++!!!! The Properties Are Located In The Heart Of Park Versailles Just Off Busy Westchester Avenue!!! The Properties Are Situated Between The Bronx River Pkwy., I-95, I-278 & Sheridan Blvd.!!! Neighbors Include Chase Bank, Bank Of America, Verizon, T-Mobile, AT & T, Extra Space Storage, CubeSmart Self Storage, Boost Mobile, CVS, Dunkin', CityMD, Shell, BP Gas, Foot Locker, Cookie's Department Stores, McDonald's, Burger King, Papa John's, Domino's, +++!!! These Properties Offer HUGE Upside Potential!!! This Could Be Your Next Development Site Or The Next Home For Your Business!!! Income: 1209 Elder Avenue: Unit 1 (3 Br. Apt.): $6, 600 Ann.; No Lease. Unit 2 (3 Br. Apt.): $23, 757.24 Ann. Lease Exp.: 11/30/26. Unit 3 (3 Br. Apt.): $24, 828.60 Ann.; Lease Exp.: 3/31/26. Unit 4 (3 Br. Apt.): $27, 660 Ann.; Lease Exp.: 3/31/27. Unit 5 (3 Br. Apt.): $30, 000 Ann.; Lease Exp.: 3/31/27. Unit 6 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 1/31/27. Unit 7 (3 Br. Apt.): $27, 833.28 Ann.; Lease Exp.: 11/30/26. Unit 8 (3 Br. Apt.): $23, 789.04 Ann.; Lease Exp.: 11/30/26. Unit 9 (3 Br. Apt.): $25, 260 Ann.; Lease Exp.: 2/28/27. Unit 10 (3 Br. Apt.): $21, 004.56 Ann.; Lease Exp.: 10/31/27. Unit 11 (3 Br. Apt.): $22, 093.68 Ann.; Lease Exp.: 7/31/27. Gross Income: $256, 697.04 Ann. 1215 Elder Avenue: Unit 1 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 11/30/26. Unit 2 (3 Br. Apt.): $27, 710.04 Ann. Lease Exp.: 11/30/27. Unit 3 (3 Br. Apt.): $26, 694.48 Ann.; Lease Exp.: 10/31/27. Unit 4 (3 Br. Apt.): $13, 501.20 Ann.; Lease Exp.: 7/31/27. Unit 5 (3 Br. Apt.): $23, 870.64 Ann.; Lease Exp.: 12/31/26. Unit 6 (3 Br. Apt.): $31, 866.24 Ann.; Lease Exp.: 11/30/26. Unit 7 (3 Br. Apt.): $18, 014.16 Ann.; Lease Exp.: 12/31/27. Unit 8 (3 Br. Apt.): $21, 845.88 Ann.; Lease Exp.: 8/14/27. Unit 9 (3 Br. Apt.): $29, 925.12 Ann.; Lease Exp.: 3/31/26. Unit 10 (3 Br. Apt.): $25, 299.72 Ann.; Lease Exp.: 11/30/26. Unit 11 (3 Br. Apt.): $23, 789.88 Ann.; Lease Exp.: 10/31/27. Gross Income: $266, 388 Ann. Total Gross Income: $523, 085.04 Expenses: Gas: $21, 865.40 Ann. Oil: $20, 092.61 Ann. Electric: $4, 855.18 Ann. (Common Areas Only) Maintenance & Repairs: $11, 000 Ann. Insurance: $20, 000 Ann. Water & Sewer: $27, 603.97 Ann. Taxes: $54, 296.28 Ann. Total Expenses: $159, 713.44 Ann. Net Operating Income (NOI): $363, 371.60 Ann. (13.46% Cap!!!)