Description
Investment Opportunity at 2221 Belmont Ave, Bronx, NY that is NOT TO BE MISSED.PRIVATE DRIVEWAY.Introducing a unique investment opportunity in the heart of the Bronx. Located at 2221 Belmont Ave, this TWO FAMILY multifamily property boasts two units, 1 one-bedroom, and a two bedroom layout, with a total building area of 1,650 square feet.Despite needing a full renovation, this property offers a world of potential for the right buyer. With an R7-1 zoning, a building with a height factor of 3 could yield an FAR of 2.01, providing up to 5,025 SF of usable floor area. This allows for the opportunity to greatly expand the current living spaces or potentially add additional units, subject to the necessary planning permissions and regulations.Positioned in a vibrant neighborhood, this property offers easy access to local amenities and transportation links, making it an ideal location for potential renters.This property represents a fantastic investment opportunity in the bustling borough of the Bronx. Whether youre an experienced investor looking to expand your portfolio, or a newcomer to the real estate investment scene, this property offers significant potential for both capital growth and rental income.Will be delivered vacant.Contact us today. This wont last.
-
3BEDS
-
0ACRES
-
2BATHS
-
01/2 BATHS
-
1,650SQFT
-
$394$/SQFT
School Ratings & Info
Description
Investment Opportunity at 2221 Belmont Ave, Bronx, NY that is NOT TO BE MISSED.PRIVATE DRIVEWAY.Introducing a unique investment opportunity in the heart of the Bronx. Located at 2221 Belmont Ave, this TWO FAMILY multifamily property boasts two units, 1 one-bedroom, and a two bedroom layout, with a total building area of 1,650 square feet.Despite needing a full renovation, this property offers a world of potential for the right buyer. With an R7-1 zoning, a building with a height factor of 3 could yield an FAR of 2.01, providing up to 5,025 SF of usable floor area. This allows for the opportunity to greatly expand the current living spaces or potentially add additional units, subject to the necessary planning permissions and regulations.Positioned in a vibrant neighborhood, this property offers easy access to local amenities and transportation links, making it an ideal location for potential renters.This property represents a fantastic investment opportunity in the bustling borough of the Bronx. Whether youre an experienced investor looking to expand your portfolio, or a newcomer to the real estate investment scene, this property offers significant potential for both capital growth and rental income.Will be delivered vacant.Contact us today. This wont last.
This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. © 2023 REBNY Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Michael Kaufman Real Estate. Data last updated: 2023-09-25T10:44:37.967.