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.
Features
6 bedrooms
3 bathrooms
directions_car7 carspaces
2805 sq. ft. floor area
crop_free2374 sq. ft. lot size
cottageMulti-Family
Property history for 1605 Taylor Avenue
2022
Sold
$917,500
22 Jun 2022 by Hatema Nezaj, of Bajraktari Realty Group LLC
Happy sellers in New York
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Local market activity for 6 bedroom multi families in New York
Sold
For Sale
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