2529A 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 1063780
Bedrooms 8
Full Baths 6
Rental Info No
Year Built 2004
Annual Tax Amount $237
Lot Size 1,986 Sqft
Acres 0.0456
Property Sub-Type Triplex
Source onekey2
Property Description
Outstanding opportunity to own a well-maintained, fully tenant-occupied legal three-family property in the highly accessible Fordham/Kingsbridge Heights area of the Bronx. Please note: This property is 100% rented. There are zero vacancies, and the building will NOT be delivered vacant.
Built in 2004 and offering approximately 3,206 sq. ft. of living space, this spacious property features a desirable unit mix: a 2-bedroom, 2-bath first-floor apartment and two 3-bedroom, 2-bath apartments on the second and third floors. 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 one front parking space provides valuable off-street parking.
With all units currently leased, the strong 2BR/3BR/3BR configuration provides immediate, day-one cash flow for investors. 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 turnkey income, the property offers an especially compelling long-term investment opportunity. Situated on an approximately 18.75' x 106' lot in an R6 zoning district, the property sits in an area experiencing continued multifamily investment and development. 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, fully leased legal three-family property combining parking, outdoor space, separate utilities, high immediate rental income, excellent transportation access, and intriguing long-term development possibilities. PROPERTY IS BEING SOLD STRICTLY WITH ALL TENANTS IN PLACE.
Location
State NY
County Bronx County
Interior
Interior Features First Floor Bedroom, First Floor Full Bath, High Speed Internet, Marble Counters, Open Kitchen, Primary Bathroom, Storage, Walk-In Closet(s)
Heating Natural Gas
Cooling Wall/Window Unit(s)
Fireplace No
Exterior
Parking Features Driveway
Utilities Available Cable Available, Electricity Available, Electricity Connected, Natural Gas Available, Natural Gas Connected, Phone Available, Sewer Available, Sewer Connected, Trash Collection Public, Water Available, Water Connected
Total Parking Spaces 1
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
