950 Rev James Polite Avenue, Bronx County

Bronx – Longwood | FHA 203K | Exceptional Multi-Family Investment Opportunity

Discover the potential of this attached three-story, two-family frame home with a cellar, situated in the desirable Longwood section of the Bronx. Zoned R7-1, this property offers excellent redevelopment and value-add possibilities. Block: 2698 Lot: 6

The property sits on an 18' x 80' lot with an approximate building size of 18' x 43' and features a spacious backyard. The current layout includes:

* First Floor: 2-bedroom apartment

* Second Floor: 3-bedroom apartment

* Basement: 2-bedroom unit with high ceilings

* Cellar: Utility room with separate access

Conveniently located just a few blocks from the 2 and 5 subway lines (Prospect Avenue station) and near multiple bus routes, shopping, schools, parks, restaurants, and other neighborhood amenities.

With annual property taxes of approximately $2,543 this property presents an outstanding opportunity for investors or owner-occupants looking to renovate and add value. The existing layout may be well-suited for renovation financing programs, including an FHA 203(k) loan (subject to lender approval). Buyers are encouraged to perform their own due diligence regarding zoning, permitted uses, and occupancy.

My buyer client not only have a place to call home but also reducing his mortgage to close to zero as possible with rents from 2 other units.