506 E 188th StreetBronx, NY 10458

Description

Excellent investment opportunity in the Belmont section of the Bronx. This fully occupied three-family property is currently rented to students, with leases in place through 2027, providing immediate and stable rental income for the next owner. Ideally located near Fordham University, Arthur Avenue, shopping, dining, and public transportation. A strong opportunity for an investor seeking a well-located, income-producing multifamily property with established tenancy already in place.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

1901

Building area

3,216 Sq Ft

Lot size

0.04 acres

Days on market

17

MLS^® Listing#

1049044

Property Features

Interior

High Ceilings

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Storage Space

Parking

On Street

Construction

Brick

Utilities

Natural Gas Available · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps 59 Comm School Of Technology

Middle

Jhs 118 William W Niles

High

Fordham High School For The Arts

Financial Details

Annual taxes

$6,959

Assessed value

$71,040

Parcel number

03057-0024