62 Buchanan PL new Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10453
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 876454
Style A-Frame
Bedrooms 10
Full Baths 3
Rental Info No
Year Built 1901
Annual Tax Amount $3,778
Lot Size 2,443 Sqft
Acres 0.0561
Property Sub-Type Duplex
Source onekey2
Property Description
Turn-Key 2-Family Investment Opportunity in University Heights – Fully Renovated & Cash-Flowing
Welcome to 62 Buchanan Place, a beautifully renovated 2-family brick home with R7B zoning, located in the thriving University Heights section of the Bronx. This is a prime opportunity for both investors and end-users seeking strong rental income and future development potential.
The entire property has been fully renovated from top to bottom, featuring modern finishes, updated systems, and thoughtful layouts throughout.
Property Breakdown:
First Floor: A spacious 3-bedroom, 1-bath apartment with an open-concept layout currently operated as a daycare business. Tenant pays $3,600 cash, not on a lease, offering flexibility for new ownership.
Second Floor Duplex: A sleek and modern 4-bedroom, 1-bathroom duplex apartment featuring open-concept living/dining space and contemporary finishes. Section 8 HPD tenant in place, generating $3,800/month.
Ground Floor (Basement): A well-maintained 3-bedroom, 1-bathroom unit currently occupied by a cash-paying tenant at $2,600/month.
With a total monthly income of $10,000, this property is not only fully renovated but also fully occupied, making it an ideal turn-key investment. Zoned R7B, it also holds potential for future development or expansion.
Located close to public transportation, schools, parks, and major roadways, this property blends immediate cash flow with long-term upside.
Don't miss out on this rare Bronx multi-family gem—schedule your private tour today!
Location
State NY
County Bronx County
Rooms
Basement Finished,Full,Walk-Out Access
Interior
Interior Features First Floor Bedroom,First Floor Full Bath,High Ceilings,Open Floorplan
Heating Baseboard
Cooling Central Air
Flooring Hardwood,Vinyl
Fireplace No
Exterior
Utilities Available See Remarks
Garage false
Private Pool No
Building
Sewer Public Sewer
Water Public
Structure Type Advanced Framing Technique,Vinyl Siding
Others
Senior Community No
Special Listing Condition None