Modern 3-Family Brick Home in the Bronx Welcome to a rare gem in the bustling Bronx, NY a modern 3-family brick home that promises both high rental income and remarkable future development potential. Built in 2005, this young property is located in a coveted R-7 zoning area, making it a prime opportunity for savvy investors and developers alike. This impressive property features three spacious apartments: two 3-bedroom units and one 2-bedroom unit, all with utilities paid by the tenants, maximizing your investment returns. The first floor is currently vacant, offering immediate occupancy for a new owner or additional rental income potential. The second-floor unit generates a substantial $3,050 per month, while the third-floor unit brings in $2,200 per month, ensuring a steady and high rental income stream. Located in the hot Bronx market, this property boasts annual taxes under $7,000, further enhancing its attractiveness as a profitable investment. The R-7 zoning classification adds significant value by providing excellent potential for future development, allowing investors to build up and expand in one of the most sought-after areas of New York City. Living in the Bronx means being part of a dynamic community with vibrant culture, numerous amenities, and unparalleled convenience. Legal 3-family homes are scarce in this area, making this property a true trophy investment. Whether you're an investor seeking immediate returns or a developer with an eye for future projects, this home is a perfect fit. Don't miss this exceptional opportunity to own a standout property in one of New York City's most dynamic real estate markets. Contact us today to schedule a viewing and seize this prime investment © 2023 OneKey™ MLS, LLC