3650 Waldo Avenue, Bronx, NY 10463

Property Description

PRICE REDUCTION!!! EXCEPTIONAL INVESTMENT OPPORTUNITY in Prime Riverdale! Nestled on an expansive 7,038 sq ft lot, this beautifully maintained multifamily home is a true gem for savvy investors or families seeking income-generating potential. Boasting three distinct residential units, this versatile property is perfect for multigenerational living or creating multiple revenue streams. Each unit features inviting living spaces, well-appointed kitchens, and comfortable bedrooms and baths. But that's not all—this property also includes five dedicated parking spots, currently leased at $200 each for a total of $1,000/month. Additional income includes $1,400 from a 1 bedroom unit and $2,000 from Apartment 2, with the owner’s 3 bedroom 2 bath unit offering a projected rental value of approximately $3,700/month. Situated just minutes from lush parks, top-tier schools, major highways, and public transportation, this location offers the perfect blend of accessibility and neighborhood charm. Whether you're looking to offset your mortgage or grow your real estate portfolio with a high-yield asset, this Riverdale opportunity is not to be missed. Bonus features include on-site storage and a sizable lot with potential for future development. Property will be delivered vacant, giving you full flexibility from day one.