511 E 183rd StreetBronx, NY 10458

Description

PRIME MIXED-USE INVESTMENT OPPORTUNITY IN THE HEART OF BELMONT! This three-story mixed-use building offers an excellent combination of immediate income, future upside, and flexibility. The property features one ground-floor retail storefront, one spacious 3-bedroom apartment, and one spacious 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, giving the new owner the opportunity to maximize rental income immediately. The ground-floor retail space is currently occupied, providing income from day one. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes relatively low. Ideally located just off Fordham Road in one of the Bronx's busiest and most desirable commercial corridors, the property benefits from excellent foot traffic and convenient access to everything the neighborhood has to offer. Enjoy close proximity to Fordham University, Arthur Avenue's renowned restaurant corridor, St. Barnabas Hospital, shopping, schools, major highways, and public transportation, including the B, D, and 4 subway lines, along with multiple bus routes. An excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential. Showings by appointment only. Please do not disturb the commercial tenant.

Property Information

Property type

Commercial Sale

Sub-type

Mixed Use

Year built

1901

Stories

3

Building area

4,280 Sq Ft

Lot size

0.05 acres

Days on market

54

MLS^® Listing#

1030608

Property Features

Cooling

Multi Units

Heating

Natural Gas

Construction

Vinyl Siding

Utilities

Natural Gas Available · Electricity Available

Sewer

Public Sewer

Water source

Public

Financial Details

Annual taxes

$5,074

Assessed value

$73,200

Parcel number

03053-0022

Directions

Fordham Road to 3rd Ave /Fordham Plz, continute on 3rd to slight right onto Bassford to left on 183rd Street.