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721 E 222nd ST Bronx, NY 10467
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Key Details
Sold Price $1,050,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 3,150 sqft
Price per Sqft $333
MLS Listing ID H6288297
Sold Date 03/25/24
Bedrooms 6
Full Baths 5
Originating Board onekey
Rental Info No
Year Built 1930
Annual Tax Amount $7,051
Lot Size 2,178 Sqft
Acres 0.05
Property Description
Introducing 721 East 222nd Street, a legal 5-family gem in the Bronx, ready for an investor's touch. This three-level building, with a usable basement, is vacant and partially gutted, primed for transformation to maximize market rents. No rent-stabilized or controlled units, paving the way for income optimization. The building features a decade-strong roof and is prepped for tenant-paid utilities, with the oil tank removed and 6 gas/electric meters installed. Con Edison is set to enhance power with a 600amp triple-phase service upgrade. Located near the 2/5 subway lines, the property ensures easy commute, boosting tenant appeal. It offers one parking spot and a spacious storage shed, adding convenience. This property is an investor's canvas, ready to be transformed into a lucrative asset in a resilient and growing borough. Seize this opportunity to be part of the Bronx renaissance.
Location
State NY
County Bronx
Interior
Heating Natural Gas, None
Cooling None, Window Unit(s)
Fireplace N
Exterior
Garage Driveway
Parking Type Driveway
Garage No
Building
Lot Description Level
Sewer Public Sewer
Water Public
Structure Type Frame,Vinyl Siding
Schools
Elementary Schools Call Listing Agent
Middle Schools Call Listing Agent
High Schools Call Listing Agent
School District City Of New York
Others
Senior Community No
Special Listing Condition None
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Bought with eRealty Advisors, Inc