505 Taylor Avenue

Description

Welcome to 505 Taylor Avenue, an exceptional fully renovated 3-unit multifamily residence located in the desirable Clason Point area of the Bronx. This turnkey asset offers a rare blend of modern design, strong income potential, and long-term upside in a growing residential enclave. Each of the three units has been meticulously updated and features three spacious bedrooms and two full bathrooms, designed with today’s lifestyle in mind creating bright, comfortable, and highly desirable living spaces for tenants or end-users alike. The property also includes a partially finished walk-out basement, ideal for additional recreational or storage use, along with a private backyard perfect for outdoor enjoyment. A dedicated private parking area further enhances the value, an increasingly rare convenience in the Bronx. Currently, Unit 1 is being rented at $3,400 Unit 2 is being rented at $2100, both on a month-to-month basis, with no active leases in place, while one unit is vacant. Full vacancy can be delivered, offering maximum flexibility for investors or owner-occupants seeking to reposition or maximize rental income. This property benefits from a 421-a tax abatement with approximately six years remaining and is rent-stabilized, presenting a compelling opportunity to acquire a well-performing asset with tax advantages already in place. Whether you’re expanding your portfolio or seeking a high-quality multifamily investment, 505 Taylor Avenue stands out as a premier opportunity in a prime Bronx location. Call today to schedule your private showing.