3110 E Tremont Avenue, Bronx, NY 10461

Show Photos

Verify your account to unlock exclusive photos, mortgage tools, and more.

Sold Price
$1,278,000
List Price
$1,360,000
Status
CLOSED
MLS#
L3489420
Closing Date
Jun 09, 2024
Year Built
1932
Levels
Three Or More
Style
Other
Bedrooms
6
Bathrooms
4
Acres
0.06

Property Description

Perfect time to own a restaurant and two family in the heart of the vibrant Bronx neighborhood. This mixed-use property showcases a perfect blend of commercial and residential possibilities, offering an exceptional opportunity for owners to build their dream business or bolster their investment portfolio. The ground floor reveals a vast commercial space currently generating $3500 in rent, ideal for a variety of retail or business activities. The high-visibility storefront and heavy foot traffic offer the perfect backdrop for your business, with a potential rental income of up to $4000. Above, discover two available residential units, currently earning $1800 and $1700 for the second and third floors respectively. These well-lit, spaciously laid-out units hold potential for an increased rental income of up to $2500 each, making this property a promising investment for steady rental income - pro income can be 7.3% CAP. Embodying a unique fusion of commercial and residential prospects, this property stands as a lucrative investment in the bustling local rental market. Don't miss out on the chance to capitalize on this dynamic mixed-use opportunity nestled in the sought-after Bronx locale!

Additional Information

Taxes
$16,412
Lot Size
2,640
Heating
Natural Gas, Other, See Remarks, Steam
Cooling System Type
Wall Unit(s)
Water Source
Public
Basement
See Remarks
Middle School
Bronx Bridges High School
High School
Bronx Arena High School

How much is your home worth?

...get instant property value now!

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Listing Agent: Jiangwei Zhou (contactwaynezhou@gmail.com) from Listing Office: EXP Realty.

Listing courtesy of Jiangwei Zhou from EXP Realty

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.