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Arif Baksh

arifb@besmatchcw.com +1(914) 494-1549

$850,000

Est. payment - /mo

7 Beds

3 Baths

1,315 Sqft Lot

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Open House

Sun Nov 15, 12:00pm - 4:00pm

Sun Nov 22, 12:00pm - 4:00pm

Sun Nov 29, 12:00pm - 4:00pm

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Coming Soon

Purchase Type For Sale

Subdivision Belmont

MLS Listing ID 1072077

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

Presenting a meticulously renovated, legal 2-family residence situated at 506 E 183rd Street in the rapidly evolving South Bronx. Engineered for contemporary living, modern efficiency, and strong cash flow, this turnkey property delivers a standout investment and residential opportunity in one of the borough's most active markets.

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

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by WW Realty Group Inc • Eyal Sagi

NEARBY SCHOOLS & PROPERTIES

The mission of the ASA Real Estate Group is to provide a lifelong, positive impact on our clients, our communities, our team, as well as the other realtors with which we work. We specialize in assisting Buyers and Sellers transact. With our extensive knowledge of the market we help our clients get the best possible price for their home through proactive marketing approach. We guide sellers and buyers through every step of the process and keep them updated their transaction.

+1(914) 494-1549

arifb@besmatchcw.com

399 Knollwood Rd, White Plains, NY 10603, USA

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506 E 183rd ST Bronx, NY 10458