511 E 183rd Street, Bronx, NY 10458

Property Description

Prime mixed-use investment opportunity in the heart of Belmont! This three-story mixed-use building features one ground-floor retail space and two spacious residential apartments, offering excellent income potential and future flexibility. The property consists of one retail storefront, one 3-bedroom apartment, and one 4-bedroom apartment. Both residential apartments will be delivered vacant at closing, The retail space is occupied, providing immediate income while allowing investors to maximize the property's residential income potential. The building contains approximately 4,280 square feet and is classified as Tax Class 1, helping to keep annual real estate taxes low. Ideally located just off Fordham Road in one of the Bronx's busiest commercial corridors, the property benefits from exceptional foot traffic and convenient access to shopping, restaurants, schools, major highways, and public transportation, including the B, D, and 4 subway lines, as well as multiple bus routes. Excellent opportunity for investors, owner-users, or 1031 exchange buyers seeking a well-located mixed-use asset with immediate upside and long-term appreciation potential. Showings by appointment only. Please do not disturb the commercial tenant.