823 E 214th St, Bronx, NY 10467

Welcome to 823 E 214th Street, a brick two-family townhouse in the Williamsbridge neighborhood of the Bronx. Built-in 1960 and occupied by the same family for over 2 decades, this is a legal two-family house per the occupancy certificate. The first floor, which will be delivered vacant, features a spacious 2-bedroom/1-bathroom unit with ample closet space. The second-floor unit has a 3-bedroom/1-bathroom unit that is tenant-occupied. The current tenant is paying below market value and has no lease. The owner cannot guarantee that this unit will be vacant by closing. The expansive basement has the potential to be combined with the first-floor unit to make an owner's duplex that allows access to the rear yard. Conveniently located, this low-rise attached townhouse offers a fantastic opportunity for homeowners and investors alike. This investment opportunity is perfect for an investor looking to create a cash-flowing property in a growing neighborhood of the Bronx or an end-user looking to make their first investment and take advantage of having a tenant cover part of their expenses—an Approx pro forma of a 7% cap rate.