DARRYL R. SELSEY
Broker/Owner, Notary Public
REALTOR®, BROKER/OWNER, ABR, CDPE, CHS, CRB, CRS, CSN, GRI
BEDS5
BATHS5 full
MLS#982360
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBronx 12
Property Description
Excellent mixed-use investment opportunity in the South Bronx. This fully occupied property features three residential units and one commercial space, offering strong and consistent income.Based on current rents, the property generates approximately $12,500/month ($155,000 annually), with an estimated NOI of ~$122,289. This supports an approximate 7.5% return at current pricing, with additional upside potential from on-site advertising income.Ideal for investors seeking a turnkey asset with multiple income streams and long-term growth. Low operating expenses, including a favorable tax structure, further enhance the overall return profile. Conveniently located near transportation, shopping, and major thoroughfares, making it attractive for both residential and commercial tenants.All income, expense, and return figures are approximate and should be independently verified.
Property Features
Property Type: Multi Unit - Multiple
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.05 Acres
Taxes: $1,547
Year Built: 2005
Amenities
First Floor Bedroom
Feature Descriptions
Days on Site: 11
Exterior: Brick
On Market Date: 2026-04-09
Parcel Number: 02698-0080
Parking Features: None
Property Attached Y/N: 1
Rental Term: Monthly
Sewer: Public Sewer
Units: 4
Utilities: Electricity Connected, Natural Gas Connected, Water Connected
Water: Public
Local Schools
High School: Metropolitan High School (The)
Middle School: School Of Performing Arts
Elementary School: Urban Scholars Community School
School District: Bronx 12
Listed By / Shown By
Listing By
Agency Name: EXP Realty
Agency Contact: 888-276-0630
Shown By
Agent Name: DARRYL R. SELSEY
Agent Phone: (914) 469-0823
Agency Title: Four Seasons Real Estate Center
Estimate Your Payment
Estimated Payment
$ 4,033.15 per month $3,451.85 Principal & Interest $128.92 Property Tax $452.38 Homeowner's InsuranceChange Payment Information
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924 Rev James Polite Avenue | MLS# 982360
This multi-family property located at 924 Rev James Polite Avenue, Bronx, NY 10459 is currently listed for sale with an asking price of $1,551,000. Rev James Polite Avenue is located within the Bronx 12 school district. Search Bronx real estate on dselsey.fsrec.com today.