1104 Forest Avenue is a beautifully upgraded 3 family home in the Southwest Bronx. Numerous developments are happening throughout the area with more than a 60% uptick in new Certificate of Occupancies issued, so this presents a tremendous opportunity to purchase a move-in ready income-producing 3 family home. The setup: 3 bed 2 baths over a 3 bed 2 baths over a 2 bed 1 bath. Private garage, a back porch with an extra deep 77 ft lot that allows for hosting, relaxing, and even escaping the hustle and bustle of living in a city. The building is 20 ft wide and 65 ft deep with nearly 4,000 sq ft, so there's ample space and storage throughout. The building is south facing allowing for maximum sunlight to beam through. Hardwood floors, stainless steel appliances, granite countertops, master bedrooms with private bathrooms, and access to the back yard from two units. It's a quiet street and mostly occupied by homeowners. Rather you're an investor wanting to capture the appreciation happening in the South Bronx or a future home-owner, 1104 Forest Ave pays for itself. The bottom two units will be delivered vacant and the top unit rented at market value ($2,500) to an excellent on-time paying tenant hoping to renew her lease.
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