693 Beck St Bronx, NY 10455

Property Details for 693 Beck St

Year built

1909

Lot size

0.10 lot acres

Property size

7,452 SF

Zone code

R7-1

Property type

Apartment buildings

APN

02685-0059

APU

26850059

Description

This exceptional investment opportunity presents a well-maintained, 24-unit multifamily property located in the highly sought-after Longwood neighborhood of the Bronx, New York. The property consists of two attached solid brick buildings, offering a diverse mix of apartment sizes to cater to a wide range of tenants. One building comprises thirteen studio apartments and three one-bedroom units, while the second building features five three-bedroom apartments and three four-bedroom units. This strategic unit mix ensures consistent occupancy and strong rental income potential. The property boasts excellent curb appeal and is in excellent condition, minimizing immediate capital expenditure needs. A shared, efficient boiler system simplifies maintenance and operational costs, further enhancing the property's profitability. The convenient location provides easy access to public transportation, shopping centers, schools, and parks, contributing to high tenant demand and retention. The property's 7,456 square feet sits on a zero-acre lot. This turnkey investment is priced at $2,700,000 and represents a rare opportunity to acquire a substantial multifamily asset in a prime Bronx location. The solid brick construction ensures durability and longevity, making this a sound long-term investment. The property's strong cash flow potential, combined with its desirable location and well-maintained condition, makes it an attractive proposition for discerning investors seeking a stable and profitable addition to their portfolio.

Location Insight

City

Bronx

County

Bronx

State

New York

Longitude

-73.9009

Latitude

40.8151

CBSA code

35620

CBSA name

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

Property Tax & Assessments