Welcome to 2384 Webster Avenue, a remarkable 8-unit building nestled in the sought-after Belmont area of the Bronx. This exceptional property is a dream come true for savvy investors looking to expand their real estate portfolio. With a mix of rent-controlled and free market units, impeccable maintenance, and a prime location, this property presents an unparalleled investment prospect. This meticulously maintained building houses a total of 8 spacious apartments, thoughtfully designed to cater to a variety of occupants preferences. Among these, 4 units are under rent control, ensuring consistent income, while the remaining 4 units operate within the lucrative free market. The building comprises two types of apartments, with (4) 4-bedroom units and (4) 3-bedroom units, providing a diverse range of living options to potential occupants. Spanning an expansive 8,580 square feet, this building offers ample space for comfortable living. Additionally, the property features a basement space that generates supplementary income, further enhancing its revenue-generating potential. With smart design and strategic planning, this property maximizes both living and investment value. A key highlight of this investment opportunity lies in its strong financial performance. The property generates a robust gross operating income of $168,531.72, with operational costs meticulously managed at $42,198. This prudent management results in an impressive net operating income of $126,333.72, illustrating the potential for substantial long-term returns on your investment. Location is key, and this property shines in that aspect as well. Situated within short distance of the B, D, and 4 subway lines, enjoy easy access to the city's bustling heart. Whether commuting for work or exploring leisure activities, the convenient transit options enhance the property's allure and demand. 2384 Webster Avenue is not just a property; it's a gateway to the vibrant Belmont neighborhood. Renowned for its rich cultural heritage, delectable culinary scene, and a strong sense of community, Belmont offers consumers an exceptional lifestyle experience. This is a rare chance to acquire a well-maintained, income-generating building in a prime location. Don't miss the opportunity to make this exceptional property a cornerstone of your investment strategy. Contact us today to schedule a viewing and explore the potential of 2384 Webster Avenue in the heart of Belmont, Bronx. Your future in real estate starts here.
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
