Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor.Apartment 1: 2 bedrooms, 1 bathroomApartment 2: 4 bedrooms, 2 bathroomsApartment 3: 5 bedrooms, 2 bathroomsAll three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside.Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions.Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.
Listing By
Agency Name: NY Space Finders Inc
Agency Contact: 718-440-8162
Shown By
Agent Name: Meghan Grote Shear
Agent Phone: Cell: (631) 921-9167
Agency Title: Howard Hanna | Coach Realtors
Estimated Payment
$ 6,451.44 per month $5,582.94 Principal & Interest $489.33 Property Tax $379.17 Homeowner's InsuranceIf the email address was found in our system, your password has been sent. Please check your inbox.
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2707 Decatur Avenue | MLS# 1052830
This single family home located at 2707 Decatur Avenue , Bronx, NY 10458 is currently listed for sale with an asking price of $1,300,000. This property was built in 1930 and has 11 bedrooms and 5 full baths with 3200 sq. ft. Decatur Avenue is located within the Contact Agent school district. Search Bronx real estate on mshear.coachrealtors.com today.