INVESTMENT OPPORTUNITY: SPACIOUS 3-FAMILY HOME WITH RENTAL INCOME POTENTIAL IN SOUNDVIEW, BRONX

About 735 Noble Avenue:

The best thing about this property is its incredible potential for generating rental income. With a total of three units, this huge 3-family home offers a fantastic opportunity for any real estate investor or someone looking to supplement their income.

Firstly, the property boasts an impressive 3,450 interior square feet, providing ample space for each unit. The all-brick construction ensures durability and low maintenance costs, making it an attractive investment for the long term.

One of the standout features of this property is the above-ground basement, which is a legal apartment as certified by the Certificate of Occupancy (CO). This means that the potential for rental income is even greater, as you can rent out the basement apartment separately from the other units. Having a legal basement apartment is a valuable asset, as it provides an additional stream of income while complying with local regulations.

Furthermore, the property includes a convenient 2-car attached garage located in the back. This is a significant benefit for tenants, as it offers secure parking and eliminates the need for street parking, which can be challenging to find in some areas.

Unit 1 consists of two bedrooms and one bathroom, providing comfortable living space for a small family or a couple. Unit 2, on the other hand, is a full-floor three-bedroom apartment, offering more spacious accommodations. Both units are currently occupied by stable, paying tenants, ensuring immediate rental income upon purchase.

The third floor also features three bedrooms, similar to Unit 2, and has access to a walk-up attic. The attic, which spans the entire length of the building, provides an exciting opportunity for expansion or additional storage space. While the attic is partially finished, it offers the potential for customization and can be transformed into an extra living area or an additional bedroom. This versatility is a significant advantage for any buyer, as it allows for further development or adaptation to suit their specific needs.

Currently, the property is being sold with three paying, cooperating tenants on stable leases. With a total rental income of $6,400 per month, this property presents a remarkable opportunity for immediate cash flow. Additionally, the fact that the attic and one of the bedrooms on the 2nd floor are vacant offers potential for an increase in rental income or personal use.

Overall, this property in the coveted Soundview section of the Bronx stands out due to its impressive size, all-brick construction, legal basement apartment, attached garage, and potential for rental income. Whether you are an investor looking to expand your portfolio or someone seeking to generate additional income, this 3-family home offers an excellent opportunity that should not be missed.