506 E 183rd ST Bronx, NY 10458
Open House
Sun Aug 09, 1:00pm - 6:00pm
Sun Aug 16, 1:00pm - 6:00pm
Sun Aug 23, 1:00pm - 6:00pm
Sun Aug 30, 1:00pm - 6:00pm
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Subdivision Belmont
MLS Listing ID 1021262
Style Other
Bedrooms 7
Full Baths 3
Rental Info No
Year Built 1901
Annual Tax Amount $3,811
Lot Size 1,315 Sqft
Acres 0.0302
Lot Dimensions 16 x 82.25
Property Sub-Type Duplex
Source onekey2
Property Description
Interior Features & Layout
Configuration: A total of seven bedrooms and three bathrooms across two separate, fully updated units.
Upper Residence: A spacious 5-bedroom, 2-bathroom duplex featuring an open-concept flow, abundant natural light, and a modern kitchen equipped with sleek countertops, premium stainless steel appliances, and upgraded bathrooms with elegant tilework and stylish fixtures.
Lower Residence: A separate 2-bedroom, 1-bathroom walk-in unit with its own private entrance, offering exceptional flexibility for extended family arrangements or rental income generation.
Financial & Investment Highlights
Income Potential: Estimated monthly rental income ranges from $3,000 to $4,000 for the upper duplex and $3,200 to $3,800 for the lower unit.
Monthly & Annual Projections: Combined projected gross monthly income between $6,200 and $7,800, translating to an estimated annual revenue between $74,000 and $94,000.
Strategy: Ideal for an owner-occupant seeking rental income support or an investor looking for a fully stabilized, low-maintenance asset.
Prime Location
Strategically positioned on a well-connected block benefiting from ongoing neighborhood development, offering close proximity to subway lines, bus routes, local schools, grocery stores, restaurants, and parks for a seamless commute into Manhattan and surrounding boroughs.
Professional representation and post-closing rental management and tenant-placement services available to ensure smooth transition and immediate cash flow optimization.
Location
State NY
County Bronx County
Interior
Interior Features Other
Heating Electric, Other
Cooling None
Fireplace No
Exterior
Parking Features Other
Utilities Available None
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Frame
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Senior Community No
Special Listing Condition None
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION