1581 Hollywood Avenue, Bronx, NY 10461

Property Description

Excellent investment opportunity in the heart of the Bronx! 1581 Hollywood Avenue is a solid brick four-family property offering approximately 2,100 square feet of living space on a 3,156-square-foot lot. Built in 1972, the property features a versatile unit mix consisting of a 3-bedroom, 2-bedroom, 1-bedroom, and studio apartment, providing multiple income streams and strong rental potential. A major advantage for investors or owner-occupants is that the property will be delivered vacant, allowing the new owner to immediately renovate, reposition, and establish rents based on current market conditions. Each tenant has separate gas and electric, helping simplify utility management and operating expenses. The property also includes a finished walkout basement, providing additional functional space. One of the property's standout features is its oversized garage with a loft, offering tremendous space for storage, a workshop, vehicles, or other potential uses. Between the garage and backyard area, there is parking for approximately five cars—a valuable feature in the Bronx. Situated on an R4A-zoned 3,156-square-foot lot, the property offers an attractive combination of existing income-producing potential, parking, storage, and future possibilities. Buyers should independently verify permitted uses, zoning, and development potential. The location provides convenient access to transportation, shopping, recreation, and major roadways. Both the Middletown Road and Buhre Avenue 6 train stations are within walking distance, making commuting throughout the Bronx and into Manhattan convenient. Pelham Bay Park, New York City's largest public park, is nearby, along with the shops, restaurants, and neighborhood amenities along Crosby Avenue. Easy access to the Hutchinson River Parkway adds even more convenience for drivers. With four residential units, vacant delivery, separate utilities, substantial parking, an oversized garage with loft, and room to maximize rental income, 1581 Hollywood Avenue presents a rare opportunity for investors, owner-occupants, or buyers looking to add a flexible multifamily property to their portfolio.