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1125 East Tremont Ave., Bronx, NY 10460

$1,495,000
Active Listing
Listing Details:
$1,495,000 Price
Multi-Family Townhouse Property Type
Van Nest Neighborhood
7 Beds
2.5 Baths
5,250 Approx. Sq. Ft.
$1,718 RET
Key Features:
Prewar
Allows Pets
Description:

This recently renovated mix-use commercial/residential building in The Bronx offers an outstanding opportunity for business and investment use in the Eastern Bronx Van Nest neighborhood.

Positioned on a 27-foot by 112-foot block-through lot, this property includes two commercial units, two residential units, and a double basement.

The spacious storefront includes East Tremont frontage, a half-bathroom, central A/C and rear exit. Two large residential units offer floor-through layouts. The basement includes a utility room, boilers/heaters and a separate entrance. The rear warehouse at the back of the lot, off 179th Street, consists of an office, roomy basement, and a half-bathroom. Each of the residential tenants pay their own utilities, and the commercial units pay some of the taxes.

The property's extensive renovation included a new roof, windows, boiler, hot water tank, and storefront, plus new electrical and plumbing. With a low down payment and expenses, this affordable offering delivers great return on investment and multiple opportunities for running a business with additional rental income.

Located in the developed, accessible Van Nest neighborhood, this building is surrounded by local shops and services, with the Bronx River Arts Center, Bronx Zoo and New York Botanical Garden all nearby. Transportation is effortless with 2 and 5 trains, excellent bus service, and the Cross Bronx Expressway and Bronx River Parkway within easy reach.

Listing courtesy of Compass

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