4733 Carpenter Avenue

Description

Exceptional opportunity to own a detached legal 2-family income-producing property situated on an oversized R4A lot in the highly sought-after Wakefield section of the Bronx. Combining strong rental income, private parking, valuable land opportunity, and future upside, this property presents a rare investment opportunity in one of the Bronx’s most consistently high-demand rental markets. The home is currently configured with two spacious 2-bedroom, 1-bath apartments with established program tenants in place generating stable income, plus a finished walk-out basement featuring an additional 1-bedroom, 1-bath layout offering flexible bonus living space. Property is being sold occupied, making this an ideal turnkey hold opportunity for investors or end-users seeking immediate passive income potential. Set on an oversized lot with R4A zoning, the property offers exceptional outdoor space, private parking, and potential opportunities for future expansion, customization, or redevelopment subject to buyer’s own due diligence. Detached legal multifamily homes with land value and income potential are increasingly difficult to find in today’s Bronx market. Conveniently located near major transportation, shopping, restaurants, schools, and neighborhood amenities, this property offers both long-term appreciation potential and immediate cash-flow opportunity. Whether you are an investor expanding your portfolio, a 1031 exchange buyer, or an owner-occupant looking to offset your mortgage with rental income, this is a rare chance to secure a high-demand Bronx asset with multiple layers of value. No known DOB or HPD violations. Sold as-is and delivered occupied. Serious buyers and investors only.

Features

• ✓ First Floor Bedroom

Property Details

Cooling

Wall/Window Unit(s)

Heating

Natural Gas

Basement

Finished, Full

Schools