NJ
Other
Other
10466
854 229Th Street
854 229Th Street, Other, NJ 10466
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Listing Type
Multi Family
Listing Status
Active
14
$1,400,000

Home Details for 854 229Th Street

Price
$1,400,000
Type
Residential Income
Bedrooms
9
Total Bathrooms
3
Full Bathrooms
3
Year built
1910
County
Other
Total rooms
14
MLS Listing#
4050831
Property Description

Prime Bronx Investment opportunity regarding a legal three-family brick home situated on a spacious lot. opportunity for developers and investors: Solid, all-brick, three-family property on a 50' x 114.5' lot, zoned 4, in the Bronx. Exceptional Well-maintained structure with 4 detached/covered garages " delivering immediate rental income and rare expansion potential on a single site. Three boilers, four electric meters, and three gas meters. Additionally, the property offers exceptional parking and storage solutions, including garages, a private driveway. Conveniently located just minutes from the 233rd Street MTA station, the property provides easy access to major highways, buses, schools, and local shops. Lot: 50' x 114.5'-- with buildable parcel.- Zoning: R4 multi-fam residential zoning. It permits another 3-family building (subject to DOB approvals). Building: All-brick construction, three income-producing units. Delivering immediate rental income and rare expansion potential on a single site. - Economies of scale: Shared lot reduces acquisition costs per unit compared with buying separate properties;development costs concentrated on one parcel.- Strong ROI potential: Below-market asking price for combined lot and build potential.opportunity for unit count expansion, rent growth after renovation, or a 2-property sale strategy.- Flexible exit strategies: Hold for stabilized cash flow, renovate and increase rents, or develop and sell the new 3-family

Property Features
  • Heating Information
    • Baseboard
    • Natural Gas
  • Water Features
    • Public
  • Utilities
    • Natural Gas Available
Listing Courtesy: GRACIELA FLORIMON - 347-338-8641
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EXIT REALTY URBAN LIVING
150 Bay Street, Unit 308, Jersey City, NJ 07302
Office
201 380 4200
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