Property Details

Overview

Updated Brick 2-Family in the Heart of Bronx! Investor’s Delight! Projected 7.9% CAP Rate! Easy Management. This brick 2 family property is ideal for investors. The 1st floor apartment will be delivered vacant. Situated within close proximity to Bronx Zoo, 6 blocks away from Fordham University and Belmont Playground across the street, this property offers easy access to local amenities, attractions, stores, supermarkets, and restaurants on Arthur Ave. It is a well-maintained building, boasting two duplex units in a very nice move-in condition, handsome brick facade, separate heating & hot water systems, small backyard, and low real estate taxes. The building was built 15 years ago. Tenants pay their own heat, hot water & electricity which results in a very low maintenance cost. Owner pays only taxes, insurance and water/sewer. Each apartment spans two levels, offering ample space and privacy for residents. Unit 1 features a spacious eat-in kitchen with sleek gray solid wood cabinets, stainless steel appliances (including dishwasher and microwave), and ample countertop space, nicely tiled full bathroom with a tub and shower, a large main bedroom with direct access to the yard on the first level and it duplexes up to two additional bedrooms. Unit 2 features a well-appointed large eat-in kitchen, living area, and nicely tiled full bathroom with a tub and shower on the first level and on the second level it has 3 well-sized bedrooms. Lot: 22.21 x 40.84 ft Building: 22.21 x 32.30 ft Zoning: R7-1 FAR: 1.58; MAX FAR: 3.44 Taxes: $6, 108/Yr Don’t miss out on this unique opportunity to own a profitable investment property.