7 Beds
3 Baths
2,688 SqFt
7 Beds
3 Baths
2,688 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,688 sqft
Price per Sqft $460
Subdivision Bronxwood
MLS Listing ID RLS20073774
Bedrooms 7
Full Baths 3
HOA Y/N Yes
Year Built 1900
Annual Tax Amount $6,492
Property Sub-Type Multi Family
Property Description
Discover an outstanding multi-family income-producing property in the desirable Williambridge section of the Bronx. This versatile 2-unit residential building offers exceptional rental demand, significant income potential, and room for strategic expansionmaking it an ideal investment for savvy real estate investors.
#The Units
**Unit 1: 4 Bedrooms, 1 Bathroom 1,250 SF
**Unit 2: 3 Bedrooms, 2 Bathrooms 1,250 SF
Both units are substantially larger than comparable apartments in the areaessentially double the sizewhich translates to strong, consistent rental demand and the ability to command premium rents. These spacious layouts rent quickly and attract quality tenants seeking room and comfort.
Bonus Income Opportunities
**ADU Conversion Potential: The two-car garage can be converted into an additional dwelling unit (ADU) for extra rental income or Airbnb revenue, significantly expanding your cash flow potential.
**Parking Revenue: The property can accommodate up to 15 garage parking spaces, providing an additional income stream in an area where parking is at a premium.
**Storage & Equipment: The two generous 25' x 100' side lots offer perfect space for storing work equipment or other business operations, creating even more flexibility and revenue options.
The Land
This property includes **two substantial side lots** (25' x 100' each), providing exceptional flexibility for parking, storage, equipment keeping, or future developmenta rare feature that sets this investment apart from standard multi-family properties.
Why This Property Stands Out
Strong rental market with oversized units in a high-demand area means fast lease-ups and premium rental rates. Multiple revenue streams through residential units, ADU potential, parking spaces, and storage create diversified income. The two full-size side lots multiply your earning potential in ways most multi-family properties simply can't match. Modern 2019 renovations reduce capital needs, and the Williambridge location offers strong rental demand with room for appreciation.
This is a turnkey, cash-flowing investment property with significant upside potential through conversion and ancillary income streams. Perfect for investors looking to maximize ROI in a strong rental market.
Location
State NY
County Bronx
Interior
Interior Features Storage
Heating None
Furnishings Unfurnished
Fireplace No
Appliance Stainless Steel Appliance(s)
Laundry Building None, None
Exterior
Exterior Feature Building Storage, Building Courtyard, Courtyard, Private Outdoor Space Over 60 Sqft, Storage
Parking Features Garage
View Y/N Yes
View City
Private Pool No
Building
Dwelling Type House,Multi Family
Story 2
New Construction No
Others
Tax ID 04696-0018
Ownership None
Monthly Total Fees $541
Pets Allowed Building Yes, Yes
