New York, NY 10458

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 7 BR
Bathrooms: 3
Pets: No Pets Allowed
Lot Size: 0.03 Acres

Financials

Price:$850,000
Annual Taxes:$3,811.36
505 Park Ave, New York, NY 10022
Listing Courtesy of WW Realty Group Inc

Welcome to 506 E 183rd Street, an exceptional, fully renovated legal 2 unit home offering a prime investment opportunity in the heart of the South Bronx.

Living area with recessed lighting and wood finished floors

Description

Welcome to 506 E 183rd Street, an exceptional, fully renovated legal 2-unit home offering a prime investment opportunity in the heart of the South Bronx. This meticulously updated property is ideal for investors looking to expand their portfolio or buyers seeking strong rental income potential. The upper level features a spacious 7-bedroom, 3-bathroom duplex, completely transformed for modern living. The residence showcases luxurious finishes and contemporary design throughout. The modern kitchen offers sleek countertops, high-end stainless steel appliances, and ample storage, making it perfect for everyday living and entertaining. The elegant bathrooms include stylish fixtures and beautiful tilework, creating a spa-like atmosphere. The expansive layout provides plenty of room to enjoy both privacy and shared living areas. The lower level includes a separate 2-bedroom, 1-bathroom walk-in unit that offers excellent flexibility. It can be used as an income-producing rental, guest accommodations, or additional living space, significantly enhancing the property’s overall value. With its own private entrance, the unit offers comfort and privacy while remaining part of the same building. Located in a thriving South Bronx neighborhood undergoing rapid growth and revitalization, 506 E 183rd Street is conveniently close to major transportation, shopping, dining, parks, and schools, making it highly appealing to both occupants and tenants. With modern updates, generous square footage, and a prime location, this property stands out as a rare opportunity in the South Bronx market.

Amenities

  • Other

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.