Overview
Turn-Key 2-Family Investment Opportunity in University Heights – Fully Renovated & Cash-FlowingWelcome to 62 Buchanan Place, a beautifully renovated 2-family brick home with R7B zoning, located in the thriving University Heights section of the Bronx. This is a prime opportunity for both investors and end-users seeking strong rental income and future development potential.The entire property has been fully renovated from top to bottom, featuring modern finishes, updated systems, and thoughtful layouts throughout.Property Breakdown:First Floor: A spacious 3-bedroom, 1-bath apartment with an open-concept layout currently operated as a daycare business. Tenant pays $3, 600 cash, not on a lease, offering flexibility for new ownership.Second Floor Duplex: A sleek and modern 4-bedroom, 1-bathroom duplex apartment featuring open-concept living/dining space and contemporary finishes. Section 8 HPD tenant in place, generating $3, 800/month.Ground Floor (Basement): A well-maintained 3-bedroom, 1-bathroom unit currently occupied by a cash-paying tenant at $2, 600/month.With a total monthly income of $10, 000, this property is not only fully renovated but also fully occupied, making it an ideal turn-key investment. Zoned R7B, it also holds potential for future development or expansion.Located close to public transportation, schools, parks, and major roadways, this property blends immediate cash flow with long-term upside.Don’t miss out on this rare Bronx multi-family gem—schedule your private tour today!