New York, NY 10468

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 3
Pets: Pets No
Lot Size: 0.06 Acres

Financials

Price:$1,250,000
Annual Taxes:$5,054
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Realty NYC Grp

PRIME INVESTMENT OPPORTUNITY in the Bronx !

Description

PRIME INVESTMENT OPPORTUNITY in the Bronx!.....Exceptional 3-family property offering tremendous value-add potential. This 3,312 square foot multi-family home features a highly desirable 3-over-3-over-3 bedroom configuration, delivering maximum rental income potential across three spacious units. Property is being delivered VACANT, Apartment 1 is vacant and under construction; providing the perfect canvas for savvy investors to renovate and reposition. The classic layout includes nine total bedrooms across three separate apartments, each offering excellent living space......Additional features include an unfinished basement with significant potential for additional storage or future development, plus a rare 2-car garage at the rear of the property - an exceptional amenity that can generate additional income or serve as a valuable tenant perk. Located in a strong rental market with consistent demand, this property represents an outstanding opportunity for experienced investors looking to build equity through strategic improvements. The Bronx continues to show solid fundamentals with growing interest from both renters and investors alike.

Amenities

  • High ceiling
  • Natural Gas Available
  • Natural Gas Connected

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.