Nest Seekers

Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460 !

New York, NY 10460

Listing

Web ID:5794444
Website:https://www.nestseekers.com/5794444

Property

Ownership: For Sale
Type: Unknown
Bedrooms: 8 BR
Bathrooms: 3
Lot Size: 0.1 Acres

Financials

Price:$1,500,000
Annual Taxes:$15,192.52

Description

Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460! This fully occupied four-unit multifamily property offers approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Featuring a mix of 2-bedroom and 3-bedroom apartments, this income-producing asset provides multiple rental income streams. The property generates approximately $172,546 in annual gross rental income, with a reported pro forma net operating income of $133,248. All four units are occupied, with rental income supported in whole or in part by government subsidy programs or agency/organizational lease arrangements, subject to verification. With reported operating expenses of approximately $34,122 annually, this property presents an opportunity for investors seeking a fully occupied multifamily asset with substantial existing income. The property is noted as having fewer than six units and outside rent stabilization, subject to confirmation and applicable laws. Offered exclusively at $1,500,000. Financials, leases, expenses, and rental regulations to be independently verified by the purchaser

Amenities

  • Electricity Connected
  • ENERGY STAR Qualified Door(s)
  • High ceiling
  • Exposed brick wall detail, wood-finish flooring, staircase with dark treads, and flush-mount ceiling lighting

Contact

Eastside, NY, Corporate
505 Park Ave, New York, NY 10022
Phone: +1 212-252-8772
info@nestseekers.com
Listing Courtesy of HomeSmart Homes & Estates
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