$599,000

House for sale BRONX
Property photo number 1 of 16 Photos for Property. File  106123404_5_895335983827bef2cf222ab70e526045.jpeg

Overview

SUMMARY: Discover an opportunity with this BRONX house for sale and available for $599,000. This could be your next ideal home or a smart investment. More details await.
Attention Investors & Flippers: Rare Front/Back 2-Family Opportunity in the East Bronx!1727 Garfield Street presents an incredible value-add asset for savvy investors and flippers looking to unlock massive rental upside or execute a premium renovation project. Positioned on a 2,500 sq. ft. lot, this unique 2-family configuration features two separate structures on one lot, a rare footprint built for maximum cash flow.The property features a front house and a detached back house. The front house offers a spacious single-family layout measuring approximately 2,101 square feet. The detached rear house provides a separate, private residential unit with additional unrecorded square footage, giving you significantly more total living area than what is shown on public city records.Condition:The property is in need of a complete renovation from top to bottom. Both structures are completely blank canvases ready for you to bring your contractor, strip them down, and finish to your exact specifications to build substantial immediate equity.Investment Highlights:* Bonus Square Footage: Public records only reflect the front house's ~2,101 sq. ft. footprintthe detached back house adds extensive unrecorded space to maximize your total asset value.* Dual-Income Streams: High-yield layout featuring a front house and a detached back house on a single tax lot.* Flipper's Dream: Full-gut rehab project with exceptional ARV (After Repair Value) potential in a high-demand rental market.* Solid 1901 Footprint: Timeless structural bones with excellent spatial separation between the two homes.* Low Carrying Costs: Annual property taxes are approximately $6,637.Financing & Terms:Property is being sold AS-IS strictly. Due to condition, this deal requires Cash, Hard Money, or an FHA 203k Rehab Loanit will not qualify for standard conventional financing.Note to Buyers: Property is physically configured as a front house and back house. Buyer is strictly responsible for performing their own due diligence to verify legal zoning, building code compliance, official certificate of occupancy, and exact permissible unit counts/square footage with the NYC Department of Buildings.
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Details

  • Beds: 0
  • Baths:  0
  • Price: $599,000
  • Open House: -
  • Reference No.: jnoor_1104

Location

Marketed by:

  • Joseph Noor
  • Expert Homes NY - Real Estate Group
  • (646) 233-0150
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