Six-Unit Brick Multifamily with Extra Rentable Potential on East 231st St Off White Plains Road and Near MTA Station

Description:

683 EAST 231st STREET, THE BRONX - Presenting this six unit multifamily property located on East 231st Street, just off White Plains Road in The Bronx. This three-story brick building, constructed in 1931, offers a total of 5,250 square feet of residential space. The property is situated on a 3,440-square-foot parcel in an R6 zone.

The building features a secure steel door entrance that leads into a lobby adorned with marble walls, complemented by durable steel and marble staircases. Utilities are efficiently managed with electric and gas meters located in the basement, alongside two oil tanks with estimated capacities of 250-275 gallons, supplying #2 oil. Both the boiler and roof are in great condition.

Residents benefit from an intercom system and strategically placed security cameras throughout the property, enhancing tenant safety. The building also offers three dedicated on-site parking spaces, adding convenience and value for tenants. Additionally, the walk-in basement has the potential for a separately metered apartment, currently without a kitchen, offering significant potential for additional rental income upon completion.

The property is well-located near public transportation options, including the 2 and 5 subway lines, with the nearest station at East 233rd Street, providing easy access to The Bronx and Manhattan. The neighborhood features a variety of amenities, including nearby grocery stores like Foodtown and Key Food, as well as pharmacies such as Rite Aid and North Bronx Pharmacy. Dining options range from Golden Krust Caribbean Restaurant to Joe's Pizza. Local parks include Seton Falls Park and Van Cortlandt Park, offering green spaces for outdoor activities. Additionally, the area is served by a local post office behind the property, and healthcare needs are well supported by Montefiore Medical Center.

This property represents a compelling investment opportunity, combining well-maintained infrastructure, tenant-friendly amenities, and a highly desirable location with access to essential services and transportation in The Bronx.

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