1171 Colgate Ave

Rare opportunity to add this vacant four-family property at 1171 Colgate Ave to your real estate portfolio. The home is located in rapidly developing Soundview Section of the Bronx and Conveniently located near the MTA 6 train at Elder Ave station. This property offers an excellent multifamily investment opportunity. The building features four residential units: 1 × 3-bedroom apartment 3 × 2-bedroom apartments Each apartment has its own separate gas-fired boiler providing both heat and hot water, allowing for individual control of heating and hot water expenses. The property also includes a high-ceiling, walk-out basement that is currently unfinished, offering potential for additional storage or future use, subject to applicable zoning and permits. Delivered vacant, the property provides investors with flexibility to renovate, reposition, and maximize its rental income potential. Call today to schedule your viewing before it gone.