Property Description for 1555 Beach Ave
ALLING ALL INVESTORS!! Don't miss your chance at this amazing income-generating opportunity. Move in. Rent it out. Or both. This spacious, 2-story, 2-family house is located on a quiet, tree-lined street in the Parkchester neighborhood of the Bronx. The 1st floor has 2 bedrooms and 2 baths, while the top floor boasts an even larger 3 bedroom/2 bath unit.This well-maintained home features Oak Hardwood Floors throughout and tons of Natural Light. The Sliding Glass doors in the Master Bedrooms provide access to the Semi-Private Garden for both units. The Oversized Foyer can easily house a home office or storage area. Other features include: Through Wall A/C unit openings, Central Heat, Open Kitchen, Shared Storage, Cable Ready, and Tons and Tons of Closets.Â
The 3 bedroom unit is currently occupied by a reliable tenant for the past 5 years. Based on current tenant's rent and market value, there is a projected Cap Rate of approximately 5%.The property is conveniently located within walking distance to the 2, 5 & 6 trains as well as the Bx40 & Bx42 bus lines. It's also a short walk to Supermarkets, Restaurants, and Shopping including Macy's, Applebee's, Starbucks, The Children's Place, Pioneer and Met Foods. For the cultural enthusiasts, take a walk or short bus ride to visit New York's famous Bronx Zoo and Botanical Garden. And for the occasional weekend getaway, you can easily access the Cross Bronx Expressway, Bronx River Parkway, and the Bruckner Expressway.Buy it today! Generate income immediately!
