591 Van Nest Avenue, Bronx, NY, 10460
$1,199,999
Multi Family
Commercial
Details
ML#: 887804
- # of Families: 6
- Sale or Rent:Sale
- Year Built: 1908
- Taxes: $18,613
- Status:Active
Description
INCREDIBLE BUY & HOLD OPPORTUNITY IN VAN NEST! This solid brick building offers 6 TOTAL UNITS that can generate additional income. Also includes an extra basement studio for additional space! Some units have been recently renovated with modern finishes, leaving only minor touch-ups needed to fully maximize rents.The property is loaded with UPSIDE POTENTIAL: city has significantly increased the assessed value this year, reflecting the area’s growing demand. While there are current violations, the owner is in the middle of a dismissal request to remove all of them — don’t let that scare you away from serious CASH FLOW.Ideally situated near Pelham Parkway, the Bronx Zoo, and multiple transit options, this is a perfect long-term hold in a rapidly appreciating neighborhood.Secure this income-producing asset today and ride the wave of Bronx growth!
More Property Details
Lot Size: 0.0545
Lot Sq Ft: 2375
Stories: 3
Heat: Natural Gas
A/C: Wall/Window Unit(s)
Water: Public
Sewer: Public Sewer
Taxes: $18,613
School District: Ps 105 Sen Abraham Bernstein
Zoning: R5
Listing Information provided courtesy of
Coldwell Banker American Homes
718-206-1340