Description
Welcome to 1605 Taylor Ave, a fantastic investment opportunity in the heart of the Bronx! This three-story brick faced property, built in 2016, offers a total of 3 residential units, providing a great potential for rental income or live in one of the units and rent the others to help cover the mortgage. Each unit features an open concept kitchen/living space, updated bathrooms and two bedrooms. All utilities are tenant-paid. Additional income opportunity with parking available for up to 7 cars. Located in the Van Nest neighborhood of the Bronx, this property is close to public transportation, shopping, dining, and entertainment. Currently priced at 5.3% cap rate, under market rents with potential to increase to 6%cap. Investing in 1605 Taylor Ave means you'll enjoy a reliable and steady stream of passive income for many years to come.
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6BEDS
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0.05ACRES
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3BATHS
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01/2 BATHS
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2,805SQFT
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$499$/SQFT
School Information
Description
Welcome to 1605 Taylor Ave, a fantastic investment opportunity in the heart of the Bronx! This three-story brick faced property, built in 2016, offers a total of 3 residential units, providing a great potential for rental income or live in one of the units and rent the others to help cover the mortgage. Each unit features an open concept kitchen/living space, updated bathrooms and two bedrooms. All utilities are tenant-paid. Additional income opportunity with parking available for up to 7 cars. Located in the Van Nest neighborhood of the Bronx, this property is close to public transportation, shopping, dining, and entertainment. Currently priced at 5.3% cap rate, under market rents with potential to increase to 6%cap. Investing in 1605 Taylor Ave means you'll enjoy a reliable and steady stream of passive income for many years to come.
© 2023 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Frank Schiavone and Compass. Data last updated: 2023-09-29T00:19:58.257.