New York, NY 10458

Property

Ownership: For Sale
Type: Unknown

Financials

Price:$1,050,000
Annual Taxes:$2,693
505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client

Excellent investor or value add opportunity !

Description

**Excellent investor or value-add opportunity!** Built in 2007, this massive brick 3-family home with a fully finished basement is located in a prime, high-demand Bronx rental market. Designed for maximum profitability and ultra-low landlord expenses, the property features completely separate utilities with **4 gas meters, 4 electric meters, 4 boilers, and 4 hot water heaters.** Tenants pay all of their own heat, hot water, and electricity! The building configuration consists of: * **Unit 1:** 3 Bedrooms / 1 Bathroom (**Delivered Vacant**) * **Unit 2:** 3 Bedrooms / 1 Bathroom (**Delivered Vacant**) * **Unit 3:** 2 Bedrooms / 1 Bathroom (**Occupied by non-paying tenant, no access**) * **Basement:** Full, finished with separate entrance. **Location Highlights:** Ideal location for student housing or commuters. Steps away from Fordham University, the Metro-North, multiple subway/bus lines, and shopping/dining on historic Arthur Ave. Property is being sold **AS-IS** with a non-paying tenant in the 2-bedroom unit & basement. Cash or rehab financing preferred. Bring your vision and unlock incredible upside potential!

Amenities

  • Electricity Available
  • Electricity Connected
  • Natural Gas Available
  • Natural Gas Connected
  • Other
  • Water Available
  • 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.