3343 Barker Ave Bronx, NY 10467-6357

Property Details for 3343 Barker Ave

Year built

1920

Lot size

0.07 lot acres

Property size

3,757 SF

Zone code

R5A

Property type

Apartment buildings

APN

04622-0041

APU

46220041

Description

This exceptional investment opportunity presents a well-maintained, five-unit apartment building located at 3343 Barker Ave in the Bronx, New York, 10467. The property, built in 1920, boasts a total of 3,077 square feet across a two-story building situated on a 3,338 square foot lot. The building is classified as a Class C multifamily property and is zoned R5A. The property comprises four two-bedroom units and one one-bedroom unit. All units are currently leased on either one-year or month-to-month agreements, presenting immediate income and the potential for future rent increases. The presence of a garage adds further value and utility to the property. This property offers a strong foundation for a savvy investor seeking a stable income stream with significant upside potential in a rapidly developing area. The building's size and unit configuration provide a manageable investment, ideal for both seasoned and emerging real estate investors. The location in the Bronx offers convenient access to various amenities and transportation options. This is a rare opportunity to acquire a well-positioned multifamily property in a desirable New York City borough. The existing leases provide immediate cash flow, while the potential for rent increases offers significant long-term growth prospects.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.8696

Latitude

40.8745

CBSA code

35620

CBSA name

NEW YORK-NORTHERN NEW JERSEY-LONG ISLAND, NY-NJ-PA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments