New York, NY 10474

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 5

Financials

Price:$1,159,000
Annual Taxes:$7,242
505 Park Ave, New York, NY 10022
Listing Courtesy of Do All Realty

SOLID LEGAL 3 FAMILY BRICK HOME With a PRIVATE DRIVEWAY EXCEPTIONAL INVESTMENT OPPORTUNITY BONUS OPPORTUNITY FOR INVESTORS An exceptional opportunity to expand your portfolio TWO ADDITIONAL LEGAL 3 FAMILY PROPERTIES ...

Description

SOLID LEGAL 3-FAMILY BRICK HOME – With a PRIVATE DRIVEWAY - EXCEPTIONAL INVESTMENT OPPORTUNITY BONUS OPPORTUNITY FOR INVESTORS: An exceptional opportunity to expand your portfolio: TWO ADDITIONAL LEGAL 3-FAMILY PROPERTIES ARE AVAILABLE OFF-MARKET ON THE SAME BLOCK. One of these properties can be DELIVERED FULLY VACANT AT CLOSING, creating a rare chance to acquire multiple income-producing properties in the same location. Additional details are available upon request. PROPERTY OVERVIEW: Don't miss this opportunity to own a LEGAL 3-FAMILY, FULLY BRICK PROPERTY in the desirable Hunts Point neighborhood of the Bronx. Built in 2004, this well-maintained building offers approximately 3,224 square feet of living space across three stories, plus an unfinished basement, and includes a PRIVATE DRIVEWAY. With paying tenants already in place and ONE OF THE 3-BEDROOM APARTMENTS WILL BE DELIVERED VACANT AT CLOSING., this property is ideal for both investors seeking immediate rental income and owner-occupants looking to offset their mortgage with rental revenue. The property is currently generating OVER $10,000 PER MONTH IN RENTAL INCOME. APARTMENT BREAKDOWN: THIRD FLOOR: *Spacious 3-bedroom, 2-bath apartment *Primary bedroom with private bath and walk-in closet *Currently rented for $3,600 per month SECOND FLOOR: *Spacious 3-bedroom, 2-bath apartment *Primary bedroom with private bath and walk-in closet *Currently rented for $3,700 per month FIRST FLOOR: *2-bedroom, 1-bath apartment *Currently rented for $2,850 per month BASEMENT: The unfinished basement features a large open layout with a SEPARATE ENTRANCE. Buyers should verify any future use with the appropriate municipal authorities, as any conversion or rental would be subject to applicable permits and approvals. PROPERTY FEATURES • FULLY BRICK CONSTRUCTION • Built in 2004 • Building size: 20.67' x 52' • Approximately 1,074 square feet per floor • Approximately 3,224 total square feet • Hardwood floors throughout • THREE ELECTRIC METERS • THREE GAS METERS • PRIVATE DRIVEWAY • Well-maintained and move-in ready PRIME LOCATION: Conveniently located at 625 Coster Street, Bronx, NY, with easy access to the Bruckner Expressway, Bronx River Parkway, local bus routes, and the 6 train. The property is also close to schools, shopping, restaurants, cafés, parks, and other neighborhood amenities. Whether you're looking to expand your investment portfolio or purchase a primary residence with strong rental income potential, this LEGAL 3-FAMILY PROPERTY offers outstanding value in a sought-after Bronx location. SCHEDULE YOUR PRIVATE SHOWING TODAY. OPPORTUNITIES LIKE THIS ARE RARE.

Amenities

  • Electricity Available
  • First Floor Bedroom
  • 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.