ID # | H6290912 |
Details | 4 fam, 5 bed, 4 bath, 2 half bath, garage, AC, Lot Size: 0.06 acres, Interior: 2560 ft2, 238m2, 4 Units in the building Listing Age: 69 days |
Construction Year | 1960 |
Taxes (per year) | $7,500 |
Fuel Type | Electric |
Heat type | Electric |
Air Conditioning | Window AC |
Garage Type | Attached |
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%. © 2023 OneKey™ MLS, LLC