Excellent investor or value add opportunity !


Property

Website:https://www.nestseekers.com/5602047
Address:
New York, NY 10458
Ownership: For Sale
Type: Unknown

Financials

Price:$1,050,000
Annual Taxes:$2,693

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

Contact

505 Park Ave, New York, NY 10022
Listing Courtesy of EXIT Realty Private Client