453 E 181 StreetBronx, NY 10457

Description

Excellent opportunity to acquire a well-maintained, income-producing three-family property in one of the Bronx's most transit-accessible neighborhoods. Located at 453 East 181st Street, this investment combines low operating costs, efficient building systems, and strong rental demand, making it an attractive addition to any real estate portfolio. Designed for long-term ownership, the property features four separate gas meters and four separate electric meters, allowing for tenant-paid utilities and reduced landlord expenses. Coupled with tax abatement through 2032, investors benefit from favorable operating costs and improved cash flow. The building also includes a full finished basement, offering valuable additional interior space, along with month-to-month residential tenancies, providing immediate income and future flexibility. Just one minute from the 182nd–183rd Streets B & D Express subway station, the property offers outstanding access to Manhattan and the rest of New York City, making it highly desirable to tenants. Residents also enjoy convenient access to shopping, schools, restaurants, parks, and major thoroughfares. This property offers a compelling combination of stable income, efficient operations, and long-term upside.

Property Information

Property type

Residential Income

Sub-type

Triplex

Year built

2006

Building area

3,037 Sq Ft

Lot size

1,687 Sq Ft

Lot dimensions

22.5 x 75

Days on market

106

MLS^® Listing#

1021165

Property Features

Interior

High Ceilings · Open Floorplan

Exterior

Balcony

Cooling

Wall/Window Unit(s)

Heating

Baseboard

Basement

Finished

Parking

No Garage · None

Lot features

Back Yard

Construction

Brick

Utilities

See Remarks

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Ps 23 New Children's School

Middle

Jhs 118 William W Niles

High

High School For Energy And Technology

Financial Details

Annual taxes

$69