Fixer Upper
Address
914 Pelham Parkway S BRONX, NY
Price
$ 890,000
Property Attributes
  • MLS#H6143771
  • TypeCommercial
  • CountyBRONX
  • CityBRONX
  • AreaBronx
  • NeighborhoodBRONX
  • Zip10462
  • StyleMixed Use
  • Price$ 890,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
Listing Provided Courtesy Of:
Richard Greco with Richard Greco Real Estate
Data Source:
Hudson Gateway MLS (HGMLS) - 1 - NY
Property Description

HANDY MAN SPECIAL: There are those who say the most valuable attribute to a property is location location location. NOT TRUE. The most valuable attribute to an investment property is its HIGHEST AND BEST USE. and maximizing the income the property can produce. Such is the case of this R6 ZONED MULTI-FAMILY USE PROPERTY that is situated on Pelham Phwy South ripe for the pickings at a sacrifice price of $890,000. Although we recommend that an Architect be consulted, we read the R6 zoning to allow for the properties foot print to be used as a 6-8 family multi-family complex with a projected gross income for one bedroom rental units (8) at $1800 each or a yearly income of $172,800. So when Realtors tell you the value of an investment property is location location location tell them, no its not it Highest & Best Use, Highest & Best Use, Highest & Best Use. In the case of 914 Pelham Pkwy South, you have the best of both, Location and Highest and Best Use as a small apartment house.

Price History
9/20/2021 Listed $890,000

General Features

Building Area Units Square Feet
Construction Materials Block, Brick
Cooling Window Unit(s)
Elementary School District City of New York
Heating Natural Gas, Hot Water
High School District City of New York
Hot Water Gas Stand Alone
Location Description First Floor, Second Floor
Middle/Junior School District City of New York
Property SubType Mixed Use
Property Type Commercial Sale
Sewer Public Sewer
Total Units 2
Village None
Zoning Description R6

Interior Features

Air Conditioning Y/N Yes

Exterior Features

Lot Size Units Acres
Number of Buildings 1
Water Source Public

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 10462

Price
AVG $220K
$890K
Visits
AVG 9
13
Year Built
AVG 1940
1933
Walkscore
AVG 92
86
Data Provided by Walkscore ® not using MLS data
Fair Housing Icon NY Fair Housing Notice