New York, NY 10465

Property

Ownership: For Sale
Type: Duplex
Bedrooms: 4 BR
Bathrooms: 2
Pets: No Pets Allowed
Lot Size: 0.05 Acres

Financials

Price:$868,888
Annual Taxes:$6,733.12
505 Park Ave, New York, NY 10022
Listing Courtesy of Keller Williams Realty Group

Great Investment Property !

Description

Great Investment Property! This spacious multi-family home presents an outstanding investment opportunity for buyers seeking reliable rental income or a versatile owner-occupied property with additional income potential. Nestled in the heart of the highly desirable Throggs Neck section of the Bronx, both units are bright and inviting, offering comfortable living spaces filled with natural light. The first-floor apartment features a flexible layout. Currently configured as a one-bedroom, one-bath unit, it can easily be converted into a two-bedroom by turning the living room into a bedroom (you will see where the doors were removed). The kitchen was remodeled four years ago, and the bathroom was updated just last year. These are functional improvements that add real value to the home. This unit also boasts a private deck off the kitchen, perfect for relaxing or casual gatherings. Upstairs, you’ll find a spacious three-bedroom, one bath unit, with the third bedroom currently being used as a walk-in closet. The kitchen and bathroom have also been updated to accommodate everyday needs. There are hard wood floors under the carpeting in this unit. The fully finished basement is an added bonus, ideal for extended family or extra living space. Recent updates were done to the roof which was resealed two years ago while a new boiler, and a new hot water heater were installed just last year as well as all new copper piping and meter panels. These upgrades ensure reliable, worry-free living. This is a brick house covered with vinyl siding and has a shared driveway with parking for one car in the back of the house. With easy access to shops, restaurants, public transit, I95 and less than an hour away form Manhattan, this property seamlessly combines a strong foundation with a prime, sought-after location for convenient living. Whether you’re seeking dependable rental income or flexible living arrangements, this two-family home offers tremendous potential. While currently occupied by excellent tenants who have expressed their desire to remain, the property can also be delivered vacant. House is being Sold "AS IS!" Don’t miss this amazing opportunity—schedule your showing today!

Amenities

  • Cable - Available
  • Ceiling Fan(s)
  • Crown Molding
  • Eat-in Kitchen
  • Electricity Connected
  • Entrance Foyer
  • Natural Gas Connected
  • Sewer Connected
  • Trash Collection Public
  • Water 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.