2531B Grand AVE Bronx, NY 10468
8 Beds
6 Baths
1,986 Sqft Lot
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Subdivision University Heights
MLS Listing ID 1053081
Bedrooms 8
Full Baths 6
Rental Info No
Year Built 2004
Annual Tax Amount $237
Lot Size 1,986 Sqft
Acres 0.0456
Lot Dimensions 18.75 x 106
Property Sub-Type Triplex
Source onekey2
Property Description
Each unit offers generous layouts and hardwood flooring, with natural-gas heat and separately metered gas and electric service for each apartment. The first-floor unit also enjoys access to private rear outdoor space, while two front parking spaces provide valuable off-street parking.
The strong 2BR/3BR/3BR configuration creates excellent rental-income potential and flexibility for investors or an owner-user looking to occupy one unit while generating income from the others. Conveniently located near the 4 and D subway lines, multiple bus routes including the Bx12, Bx9, Bx3, Bx22 and Bx28, and a wide variety of shopping, schools, colleges, healthcare facilities and major roadways.
Beyond its current income-producing potential, the property offers an especially compelling long-term investment opportunity. Situated on an approximately 18.75' x 106' lot within an R6 zoning district, the property is located in an area experiencing continued multifamily investment and development activity. The surrounding neighborhood includes significantly larger multifamily developments, creating potential opportunities for investors interested in future redevelopment, assemblage or additional development rights. Any redevelopment, expansion, air-rights or assemblage potential should be independently verified by the purchaser with the appropriate zoning and architectural professionals.
A unique opportunity to acquire a modern legal three-family property combining parking, outdoor space, separate utilities, strong rental potential, excellent transportation access and intriguing long-term development possibilities.
Location
State NY
County Bronx County
Rooms
Basement None
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen, Formal Dining, High Speed Internet, Marble Counters, Open Kitchen, Original Details, Primary Bathroom, Storage
Heating Natural Gas
Cooling None
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Connected, Electricity Connected, Natural Gas Connected, Phone Available, Sewer Connected, Trash Collection Public, Water Connected
Total Parking Spaces 2
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Ps 86 Kingsbridge Heights
Middle Schools Acad-Personal Ldshp And Excellence
High Schools Bronx 10
School District Bronx 10
Others
Senior Community No
Special Listing Condition None
