Claremont Park Real Estate

1501 Teller Avenue, Claremont Park, NY 10457

[Claremont Park Real Estate, listing number 7334836]



Description: 7334836
   Fully renovated, income-producing, and delivered with two units vacant at closing: 1501 Teller Avenue is a solid brick four-family townhome commanding a corner lot in the Claremont section of the Bronx, offering immediate cash flow, immediate control, and multiple paths to added income. All four units are spacious two-bedrooms finished with quartz countertops, stainless steel appliances, white shaker cabinetry, and oak flooring. Two units are occupied and producing; two are vacant, giving a buyer the rare ability to set market rents on day on or move in and finance as an owner-occupant. This is a free market building. The attached one-car garage can be rented separately, a consistently in-demand amenity in a neighborhood where street parking is scarce. And the full unfinished walk-out basement, with high ceilings and its own grade-level separate entrance, is a genuine value-add canvas: rentable storage today, and a strong candidate for future conversion as NYC''s City of Yes reforms expand what''s possible below grade. R7-1 zoning leaves approximately 2,898 square feet of unused FAR for longer-term development. Located minutes from BronxCare Hospital, shopping, dining, and schools, with the B, D, and 4 trains providing a fast, easy commute to Manhattan.

Details:
   Families: 4
   Bedrooms: 8
   Bathrooms: 4
   Property Type: House
   Acres: 0.10
   Built: 1920
   School District: Contact Agent

Financials:
   Price: $1,374,999
   Taxes: $8,573

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