New York, NY 10467

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 9 BR
Bathrooms: 4
Lot Size: 0.1 Acres

Financials

Price:$1,399,999
Annual Taxes:$14,988.28
505 Park Ave, New York, NY 10022
Listing Courtesy of eXp Realty

Exceptional Investment opportunity in the heart of the Bronx !

Description

Exceptional Investment opportunity in the heart of the Bronx! 2753 Wallace Avenue is a legal 4 family property delivered fully vacant. with two additional basement apartments, offering significant upside for investors, developers, or end users looking to customize a multi unit asset. the property is fully gutted and ready for renovation, providing a blank canvas to design and build to your vision. Configured as four legal residential units with two basement units, this property offers the potential for strong rental income once completed. ideal for investors looking to add value through renovation and maximize returns in a high demand rental market. Conveniently located near public transportation, major highways, shopping, restaurants, schools, and parks. Easy access to manhattanand surrounding boroughs makes this location highly desirable for tenants. Bring your contractor and architect and unlock the full potential of this rare bronx multi family opportunity. FULLY VACANT!!!!! Gross income with market rents can be as high as 182,928. best of all there are Seperate meters and water tanks for each unit which brings the expenses of the building very low cost.

Amenities

  • First Floor Bedroom

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.