New York, NY 10460

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 4
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,200,000
Annual Taxes:$17,418.32
505 Park Ave, New York, NY 10022
Listing Courtesy of Compass Greater NY, LLC

Description

Discover a prime investment opportunity in the vibrant Parkchester area of Bronx County with this remarkable 4-family property. Each unit features two bedrooms, offering comfortable living spaces perfect for families and tenants seeking a cozy home in a bustling community. Property Highlights: Uniform Layout: This property comprises four spacious two-bedroom apartments, each thoughtfully designed to maximize comfort and functionality. The consistent layout across all units ensures ease of management and rental appeal. Expansive Basement: A standout feature of this property is the large basement, providing abundant storage space and potential for additional amenities such as a communal laundry area or recreational room. The basement's versatility enhances the property's overall value. Prime Parkchester Location: Situated in the heart of Parkchester, residents will enjoy the convenience of nearby public transportation, shopping centers, schools, and parks. The neighborhood's vibrant atmosphere and amenities make it a highly desirable location for tenants. Income-Generating Potential: With four two-bedroom units, this property offers substantial rental income opportunities. Whether you're an investor looking to expand your portfolio or a homeowner interested in generating additional income, this property is an excellent choice. Outdoor Space: A small backyard provides a charming outdoor area for tenants to relax and enjoy, adding to the property's appeal and tenant satisfaction. Well-Maintained: The property has been carefully maintained, ensuring a welcoming and move-in-ready environment for new tenants. Recent updates and upkeep contribute to the property's excellent condition. This 4-family property in Parkchester presents a rare opportunity to own a versatile and income-generating asset in one of the Bronx's most sought-after neighborhoods. Whether you're seeking a solid investment or a property with rental potential, this listing is a must-see. Schedule a viewing today and explore the possibilities this exceptional property has to offer!

Amenities

  • City Lot
  • Eat-in Kitchen
  • Electricity Connected
  • First Floor Bedroom
  • First Floor Full Bath
  • Level
  • Natural Gas Connected
  • Near Public Transit
  • Near School
  • Near Shops
  • Sewer Connected
  • Stone/Brick Wall
  • Trash Collection Public
  • Water Connected

Discover a prime investment opportunity in the vibrant Parkchester area of Bronx County with this remarkable 4 family property.

Townhome / multi-family property with brick siding and fence

Long Island MLS

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.