1321 Lafayette Avenue

Description

Renovated 3-Family Brick Home in Prime Hunts Point Income-Producing & Low Maintenance Welcome to 1321 Lafayette Ave, a solid brick semi-detached 3-family home offering over 3,100 sq ft of fully upgraded living space. This is a turnkey investment opportunity in one of the Bronx's most rapidly developing neighborhoods. The layout includes a spacious 3-bedroom, 2-bath duplex and two 2-bedroom, 1-bath units. All units are currently occupied by reliable tenants, delivering immediate income. The property is being sold as-is, offering a seamless transition for investors. The property brings in $8250 while the expenses are close to $2000. CAP RATE= 6.25% Extensive renovations have already been completed, including a newer roof, updated gas boiler, new windows, plumbing, heating system, and water heater. With all major systems updated, this is a low-maintenance property with strong long-term value. Additional highlights include a private fenced backyard, large multi-car driveway, and R6 zoningproviding future development potential. Annual property taxes are under $8,000, maximizing your return. Conveniently located near the 6 train, major bus lines, I-95, and the Bronx River Parkway, this property offers excellent access to transit, schools, and local amenities. Whether you're expanding your portfolio or seeking a hands-off investment with upside, this property delivers immediate cash flow, long-term appreciation, and minimal upkeep. Opportunities like this are rare. Don't miss it.