With close proximity to Manhattan, real estate properties in Bronx offer investors a great alternative investment opportunity. For under $300,000, you can find a significant number of rental units in the market to invest in!
1. Unit #2H – 2390 Palisade Ave
Neighborhood: Riverdale
Price: $194,500
Size: 2 Bed, 1 Bath
Cap Rate: 9.63%
This corner unit co-op features hardwood floors throughout the entire home. It is also conveniently located in the Spuyten Duyvil section of Riverdale, just a stone’s throw away from Metro North. Besides building amenities which include pool, fitness room, parking garage, and a parking lot, dogs are also welcome!
2. Unit #3RN – 800 Grand Concourse
Neighborhood: Concourse Village
Price: $163,000
Size: Studio, 1 Bath
Cap Rate: 8.45%
Located in South Bronx, this sun-lit studio not only offers an eat-in kitchen with brand new stainless range and refrigerator, it also features its own dressing area, a main room for sleeping and living areas, along with two large spacious closets. Not only that, the neighborhood also includes easy access to the B, D, 4, 2 and 5 trains. It will take you just about 20 minutes to head to midtown Manhattan!
3. Unit #2B – 3245 Perry Ave
Neighborhood: Norwood
Price: $199,000
Size: 2 Bed, 1 Bath
Cap Rate: 8.27%
This sun-lit and freshly renovated 2 bedroom apartment is a steal. It features a sunken living room, a true king sized bedroom and a second bedroom which will fit a queen sized bed. In addition, the apartment also features an entry foyer, ample closets, and windows. The building also has an on-site laundry and is accessible to the Norwood Avenue D train.
4. Unit #7-F – 2727 Palisade Ave
Neighborhood: Riverdale
Price: $160,000
Size: Studio, 1 Bath
Cap Rate: 8.13%
This beautiful studio apartment is located in a luxury building. It also features floor to ceiling windows, a 24-hour doorman, parking, pool, on-site laundry, and a garden. The Metro-North is also just a short walk away. A bonus feature of the studio is that its pet-friendly as well!
5. Unit #22U – 555 Kappock Street
Neighborhood: Riverdale
Price: $160,000
Size: 1 Bed, 1 Bath
Cap Rate: 6.46%
Located in Spuyten Duyvil, this gorgeous and quiet residential unit offers expansive Eastern views to the Harlem River overlooking the fields at Columbia University and its charming boathouse as well as Southern views to Manhattan. The luxury building also includes a 24-hour attended lobby, a fitness room, seasonal heated pool, community room, private playground, and a picnic area.
6. Unit #4H – 2550 Independence Ave
Neighborhood: Riverdale
Price: $252,500
Size: 1 Bed, 1 Bath
Cap Rate: 5.6%
This bright and spacious co-op apartment at The Burton faces Paul’s Park and offers partial views of the Hudson River. The apartment also features ample closet space, a huge living room with a separate dining area, a large corner bedroom with two exposures, and a spacious dining area that can be easily converted into an office space. Besides, the apartment also provides a generous amount of closet space.
7. Unit #9B – 3755 Henry Hudson Pkwy
Neighborhood: Riverdale
Price: $299,900
Size: 2 Bed, 1 Bath
Cap Rate: 5.86%
This 2 bedroom apartment is situated at The Imperial, a co-op building with a 24-hour doorman garage, live-in full-time super, outdoor playground and a fitness center. The apartment also features a windowed kitchen that is stylishly renovated, hardwood floors, and elegantly renovated bathroom. The building’s central location is not only convenient to get to shopping locations and other amenities, but also facilitates easy commuting to Manhattan’s East Side and West Side through express buses.
8. Unit #21M – 1020 Grand Concourse
Neighborhood: Concourse Village
Price: $215,000
Size: Studio, 1 Bath
Cap Rate: 5.28%
This 21M floor unit boasts moxie Southeastern views and thoughtful, artistic renovations, along with Mid Century inspired light fixtures complete the ensemble. The building itself also features a 24-hour laundry room and other amenities include garage, hosting zipcars, and a gym. Public transport is also accessible for the building is located in the Bronx Historic district in the proximity of Yankee Stadium and The Bronx Museum.
