Courtesy of: Jeremy Dobbs, Joyce Realty Corp, jdobbs@joycerealty.com
Courtesy of: Jeremy Dobbs, Joyce Realty Corp, jdobbs@joycerealty.com
$1,490,000
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5 bed
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6.00 Bath (4 Full Bath , 2 Half Bath)
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Lot: 0.06 Acres
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$1,490,000
536 Throggs Neck Expressway 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%.
Courtesy of: Jeremy Dobbs, Joyce Realty Corp, jdobbs@joycerealty.com
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