Multi Family 2-4 in Bronx
| MLS Number | 6290912 |
|---|---|
| Address | 536 Throggs Neck Expressway, BRONX, NY 10465 show map |
| Price | $1,490,000 show mortgage calculator |
| Acres | 0.057093663911846 |
| Year Built | 1960 |
| Est. Sq. Footage | 2560 |
| Elementary School | Call Listing Agent |
| Jr High-Middle School | Call Listing Agent |
| High School | Call Listing Agent |
| Estimated Taxes | $7,500 |
| Total Apt Units | 4 |
| Total Bedrooms | 5 |
| # 1 Brs | 2 |
| # 2 Brs | 2 |
ATTENTION INVESTORS: Welcome to 536 Throggs Neck Expressway, an exceptional investment opportunity in the Bronx. Built-in 1960, this legal two-family property is currently configured as four units: a 2bd/1.5bath unit, over a 2bd/1.5bath unit, over a 1bd/1bath unit, and a studio with 1 bathroom. The potential rental income for the two-bedroom units is $2,700 each, while the one-bedroom unit can yield $2,000 and the studio $1,500. The landlord is responsible only for taxes and insurance, as there are four electric meters that power heat, stoves, and separate hot water heaters, keeping expenses low. Additionally, the 1-bedroom and studio units will be delivered vacant, offering flexibility for new owners to occupy, rent out, or renovate to their preference. This property also boasts additional desirable features, including a two-year-old roof, a one-car garage, and parking in the driveway, enhancing its appeal and investment potential. Pro-forma cap rate is 6.4%.
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