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ATTENTION INVESTORS: Welcome to 536 Throggs Neck Expressway, an exceptional investment opportunity in the Bronx. Built-in 1960, this legal two-family property is currently configured as four units: a 2bd/1.5bath unit, over a 2bd/1.5bath unit, over a 1bd/1bath unit, and a studio with 1 bathroom. The potential rental income for the two-bedroom units is $2,700 each, while the one-bedroom unit can yield $2,000 and the studio $1,500. The landlord is responsible only for taxes and insurance, as there are four electric meters that power heat, stoves, and separate hot water heaters, keeping expenses low. Additionally, the 1-bedroom and studio units will be delivered vacant, offering flexibility for new owners to occupy, rent out, or renovate to their preference. This property also boasts additional desirable features, including a two-year-old roof, a one-car garage, and parking in the driveway, enhancing its appeal and investment potential. Pro-forma cap rate is 6.4%.PROPERTY FEATURES
Heating :
Electric
PROPERTY DETAILS
Street Address: 536 Throggs Neck Expressway
City: Bronx
State: New York
Postal Code: 10465
County: Bronx
MLS Number: ONEH6290912
Year Built: 1960
Courtesy of Joyce Realty Corp
City: Bronx
State: New York
Postal Code: 10465
County: Bronx
MLS Number: ONEH6290912
Year Built: 1960
Courtesy of Joyce Realty Corp
Courtesy of Douglas Elliman Real Estate
