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(917) 719-1715
WealthWise Realty
1618 Taylor Avenue, Bronx, NY 10460
- $1,500,000
- 8
- BD
- 3
- BA
- List Price
- $1,500,000
- Status
- ACTIVE
- MLS#
- 1060708
- Year Built
- 1927
- Bedrooms
- 8
- Bathrooms
- 3
- Acres
- 0.05
Property Description
Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460! This fully occupied four-unit multifamily property offers approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Featuring a mix of 2-bedroom and 3-bedroom apartments, this income-producing asset provides multiple rental income streams. The property generates approximately $172,546 in annual gross rental income, with a reported pro forma net operating income of $133,248. All four units are occupied, with rental income supported in whole or in part by government subsidy programs or agency/organizational lease arrangements, subject to verification. With reported operating expenses of approximately $34,122 annually, this property presents an opportunity for investors seeking a fully occupied multifamily asset with substantial existing income. The property is noted as having fewer than six units and outside rent stabilization, subject to confirmation and applicable laws. Offered exclusively at $1,500,000. Financials, leases, expenses, and rental regulations to be independently verified by the purchaser
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Additional Information
- Taxes
- $15,192
- Lot Size
- 2,375
- Interior Features
- ENERGY STAR Qualified Door(s), High Ceilings
- Heating
- Natural Gas
- Cooling System Type
- Central Air
- Sewer
- Public Sewer
- Water Source
- Public
- Basement
- Unfinished
- Elementary School
- Bedford Park Elementary School
- Middle School
- Acad-Personal Ldshp And Excellence
- High School
- Belmont Preparatory High School
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Listing courtesy of Listing Agent: Abel Rodriguez (abelm9600@gmail.com) from Listing Office: HomeSmart Homes & Estates.
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.