2707 Decatur AvenueBronx, NY 10458

Description

Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor. Apartment 1: 2 bedrooms, 1 bathroom Apartment 2: 4 bedrooms, 2 bathrooms Apartment 3: 5 bedrooms, 2 bathrooms All three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside. Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions. Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.

Property Information

Property type

Residential

Sub-type

Single Family Residence

Structure type

Townhouse

Year built

1930

Living area

3,200 Sq Ft

Lot size

0.08 acres

Days on market

24

MLS^® Listing#

1052830

Property Features

Interior

High Ceilings

Appliances

Gas Oven · Refrigerator

Cooling

Electric

Heating

Natural Gas

Parking

No Garage · None

Construction

Frame

Utilities

Natural Gas Available · Cable Connected · Electricity Connected · Natural Gas Connected

Sewer

Public Sewer

Water source

Public

Schools

Elementary

Contact Agent

Middle

Call Listing Agent

High

Contact Agent

Financial Details

Annual taxes

$5,872

Assessed value

$49,440

Parcel number

03283-0050