3144 Decatur Ave - Apartments FOR SALE


Bronx, NY 10467- Norwood
$3,375,000 USD
516-650-8549
3144 Decatur Ave, Bronx, NY for Sale
$3,375,000 USD
Apartments - FOR SALE
1/13
null | 7.5% Cap Rate

3144 Decatur Ave
Bronx, NY 10467
Norwood


HIGHLIGHTS

  • 8% CAP Rate
  • TurnKey Property
  • All Tenants are up to Date

OVERVIEW

Discover a unique investment opportunity at 3144 Decatur Avenue, a 25-family 25,000sqFt multi-family property located in the vibrant Norwood neighborhood right off Webster Ave. 23 of the units are oversized 1br apartments and two of the units are 2br apartments. This property offers an impressive portfolio of rental units at 135,000 price per door making it an ideal acquisition for savvy investors looking to expand their real estate portfolio in New York City’s ever-growing market. Key Features: 25 Fully-Leased Residential Units: Boasting 25 income-generating apartments, this property provides a stable cash flow with a proven rental history. Prime Bronx Location: Situated on Decatur Avenue, the property is in close proximity to essential amenities, public transportation options, parks, schools, and shopping centers, ensuring tenant satisfaction and ease of living. Well-Maintained Building: The building has been meticulously cared for and maintained, with recent updates to key building systems. Tenants benefit from reliable heating, secure entrances, and upgraded fixtures. High Demand for Rentals: The property benefits from the area's high rental demand, ensuring low vacancy rates and a consistent income stream. Investors’ Dream: With a strategic location and a strong tenant base, this multi-family property is a rare find in the Bronx and offers both immediate returns and long-term growth potential. Take advantage of this rare chance to own a substantial income-producing asset in one of NYC's dynamic neighborhoods. Reach out today to learn more about this opportunity at 3144 Decatur Avenue. 375,000 RR 122,000 EXP 253,000 NOI 7.5% Cap Rate Negotiable

FOR SALE DETAILS

PRICE

$3,375,000 USD

PRICE/SF

$135 USD /SF

# OF UNITS

25

PRICE/UNIT

$135,000

CAP RATE

7.5%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

5

YEAR BUILT

1920

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,081 SF

ZONING

R7-1, Bronx(C1)

APN/PARCEL ID

03353-0017

ASK ABOUT THIS PROPERTY

Nate SmithOxford Property GroupMore Info
516-650-8549

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Nate SmithOxford Property GroupMore Info
516-650-8549

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.