1618 Taylor Avenue
Property Description
Investor opportunity at 1618 Taylor Avenue, Bronx, NY 10460! This fully occupied four-unit multifamily property offers approximately 3,080 square feet of gross building area on a 2,375-square-foot lot. Featuring a mix of 2-bedroom and 3-bedroom apartments, this income-producing asset provides multiple rental income streams. The property generates approximately $172,546 in annual gross rental income, with a reported pro forma net operating income of $133,248. All four units are occupied, with rental income supported in whole or in part by government subsidy programs or agency/organizational lease arrangements, subject to verification. With reported operating expenses of approximately $34,122 annually, this property presents an opportunity for investors seeking a fully occupied multifamily asset with substantial existing income. The property is noted as having fewer than six units and outside rent stabilization, subject to confirmation and applicable laws. Offered exclusively at $1,500,000. Financials, leases, expenses, and rental regulations to be independently verified by the purchaser
Broker Details
HomeSmart Homes and Estates (845) 547-0005
MLS ID: 48359 State License Number: 10401316521
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | 2-4 Units |
| Price: | $1,500,000 |
| No. of Units: | 4 |
| Year Built: | 1927 |
| Opportunity Zone: | No |
| Price per unit: | $375,000 |
| Property Website | Click Here |
| Number of Bedrooms: | 8 |
| Number of Bathrooms: | 3 |
ID: 3yd-MLSLINY-1060708
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