3969 Carpenter Avenue

Exceptional Investment Opportunity – Legal 3-Family Property in the Bronx

Rare opportunity to own a legal 3-family income-producing property in the Bronx, offering strong current rental income, flexible living space, and significant potential for future rental growth.

Property Configuration

1st Floor + Basement

2-bedroom / 2-bathroom apartment Current rent: $2,600/month Finished basement providing big additional flexible space

2nd Floor

3-bedroom / 2-bathroom apartment Current rent: $2,600/month

3rd Floor

3-bedroom / 2-bathroom apartment Current rent: $2,600/month

Property Taxes: $10,486/year Insurance: $3,730/year Total Property Tax & Insurance: $14,216/year Below-Market Rents: Current rents are below estimated market levels, providing meaningful potential for future rental growth Tenants pay their own heat and gas Property Highlights Legal 3-Family Property Approximately 3,471 SF 3 units / 8 bedrooms / 6 bathrooms Three full residential floors Flexible 2-bedroom and 3-bedroom layouts Finished basement with additional flexible space Strong current rental income with significant potential for rent increases Relatively low property taxes and insurance expenses Excellent opportunity for investors seeking current cash flow and future rental upside