3144 Decatur Ave
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3144 Decatur Ave
25 Unit Apartment Building $3,375,000 ($135,000/Unit) 7.50% Cap Rate Bronx, NY 10467
Investment Highlights
- 8% CAP Rate
- All Tenants are up to Date
- TurnKey Property
Executive Summary
Discover a unique investment opportunity at 3144 Decatur Avenue, a 25-family 25,000sqFt multi-family property located in the vibrant Norwood neighborhood right off Webster Ave. 23 of the units are oversized 1br apartments and two of the units are 2br apartments. This property offers an impressive portfolio of rental units at 135,000 price per door making it an ideal acquisition for savvy investors looking to expand their real estate portfolio in New York City’s ever-growing market.
Key Features:
25 Fully-Leased Residential Units: Boasting 25 income-generating apartments, this property provides a stable cash flow with a proven rental history.
Prime Bronx Location: Situated on Decatur Avenue, the property is in close proximity to essential amenities, public transportation options, parks, schools, and shopping centers, ensuring tenant satisfaction and ease of living.
Well-Maintained Building: The building has been meticulously cared for and maintained, with recent updates to key building systems. Tenants benefit from reliable heating, secure entrances, and upgraded fixtures.
High Demand for Rentals: The property benefits from the area's high rental demand, ensuring low vacancy rates and a consistent income stream.
Investors’ Dream: With a strategic location and a strong tenant base, this multi-family property is a rare find in the Bronx and offers both immediate returns and long-term growth potential.
Take advantage of this rare chance to own a substantial income-producing asset in one of NYC's dynamic neighborhoods. Reach out today to learn more about this opportunity at 3144 Decatur Avenue.
375,000 RR
122,000 EXP
253,000 NOI
7.5% Cap Rate Negotiable
Key Features:
25 Fully-Leased Residential Units: Boasting 25 income-generating apartments, this property provides a stable cash flow with a proven rental history.
Prime Bronx Location: Situated on Decatur Avenue, the property is in close proximity to essential amenities, public transportation options, parks, schools, and shopping centers, ensuring tenant satisfaction and ease of living.
Well-Maintained Building: The building has been meticulously cared for and maintained, with recent updates to key building systems. Tenants benefit from reliable heating, secure entrances, and upgraded fixtures.
High Demand for Rentals: The property benefits from the area's high rental demand, ensuring low vacancy rates and a consistent income stream.
Investors’ Dream: With a strategic location and a strong tenant base, this multi-family property is a rare find in the Bronx and offers both immediate returns and long-term growth potential.
Take advantage of this rare chance to own a substantial income-producing asset in one of NYC's dynamic neighborhoods. Reach out today to learn more about this opportunity at 3144 Decatur Avenue.
375,000 RR
122,000 EXP
253,000 NOI
7.5% Cap Rate Negotiable
Property Facts
Unit Amenities
- Heating
- Kitchen
- Refrigerator
- Range
- Tub/Shower
1 of 1
Transit Score ®
Rider's Paradise (100)
Bike Score ®
Very Bikeable (75)
PROPERTY TAXES
| Parcel Number | 03353-0017 | Improvements Assessment | $344,070 |
| Land Assessment | $50,400 | Total Assessment | $394,470 |
PROPERTY TAXES
Parcel Number
03353-0017
Land Assessment
$50,400
Improvements Assessment
$344,070
Total Assessment
$394,470
zoning
| Zoning Code | R7-1, Bronx(C1) |
| R7-1, Bronx(C1) |
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3144 Decatur Ave
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