About 2707 Decatur Avenue
Excellent opportunity to acquire a renovated, legal three-family property with strong cash flow and high NOI. The three-story building features three spacious residential apartments, with each unit occupying its own floor. Apartment 1: 2 bedrooms, 1 bathroom Apartment 2: 4 bedrooms, 2 bathrooms Apartment 3: 5 bedrooms, 2 bathrooms All three units are rented and income producing, offering investors immediate rental income and a strong existing cash-flow profile. The property's legal three-family configuration, large apartment layouts, and renovated condition make it an attractive investment opportunity with additional upside. Located in the Bronx, the property is surrounded by parks, restaurants, shopping, grocery stores, and public transportation, offering residents convenient access to everyday amenities and neighborhood attractions. Development Potential: The property sits on a 25' x 136' lot and is located in an R7B zoning district with a residential FAR of 3.0. The existing income-producing property also offers additional development potential, providing an opportunity for an investor or developer to explore future expansion or redevelopment, subject to applicable zoning and building regulations.Featured Residential Sales.
Features of 2707 Decatur Avenue
| MLS® # | 1052830 |
|---|---|
| Price | $1,300,000 |
| Bedrooms | 11 |
| Bathrooms | 5.00 |
| Full Baths | 5 |
| Square Footage | 3,200 |
| Acres | 0.08 |
| Year Built | 1930 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Status | Active |
Community Information
| Address | 2707 Decatur Avenue |
|---|---|
| City | Bronx |
| County | Bronx County |
| State | NY |
| Zip Code | 10458 |
Additional Information
Listing Details
| Office | NY Space Finders Inc |
|---|---|
| Office Contact | 718-440-8162 |