HANDY MAN SPECIAL: There are those who say the most valuable attribute to a property is location location location. NOT TRUE. The most valuable attribute to an investment property is its HIGHEST AND BEST USE. and maximizing the income the property can produce. Such is the case of this R6 ZONED MULTI-FAMILY USE PROPERTY that is situated on Pelham Phwy South ripe for the pickings at a sacrifice price of $890,000. Although we recommend that an Architect be consulted, we read the R6 zoning to allow for the properties foot print to be used as a 6-8 family multi-family complex with a projected gross income for one bedroom rental units (8) at $1800 each or a yearly income of $172,800. So when Realtors tell you the value of an investment property is location location location tell them, no its not it Highest & Best Use, Highest & Best Use, Highest & Best Use. In the case of 914 Pelham Pkwy South, you have the best of both, Location and Highest and Best Use as a small apartment house.