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2722 Wallace Ave 2722 Wallace Ave 3 Unit Apartment Building $999,000 ($333,000/Unit) Bronx, NY 10467
Executive Summary
2 fully occupied apartments · 3rd Floor Unit comes vacant $6,667/month gross income · New construction.
Excellent condition, minimal maintenance Tenants pay heat & electric.
Low landlord expenses. Non-Article XI. Maximum rent flexibility.
Finished basement provides additional usable space.
Exceptional investment opportunity! This non-Article XI multifamily property features three spacious apartments, each offering 3 bedrooms and 2 full bathroom. The building also includes a finished basement, providing additional usable space and flexibility. Recently constructed from the ground up, this property is in excellent condition and requires minimal maintenance. Tenants are responsible for their own heat and electric, while the landlord pays only water and insurance, helping to maximize net operating income. Ideally located in a prime area close to shopping, restaurants, schools, public transportation, and major highways, this property offers strong rental appeal and long-term investment potential. Whether you are looking to expand your portfolio or acquire a turnkey income-producing asset, this is an opportunity you do not want to miss.
Excellent condition, minimal maintenance Tenants pay heat & electric.
Low landlord expenses. Non-Article XI. Maximum rent flexibility.
Finished basement provides additional usable space.
Exceptional investment opportunity! This non-Article XI multifamily property features three spacious apartments, each offering 3 bedrooms and 2 full bathroom. The building also includes a finished basement, providing additional usable space and flexibility. Recently constructed from the ground up, this property is in excellent condition and requires minimal maintenance. Tenants are responsible for their own heat and electric, while the landlord pays only water and insurance, helping to maximize net operating income. Ideally located in a prime area close to shopping, restaurants, schools, public transportation, and major highways, this property offers strong rental appeal and long-term investment potential. Whether you are looking to expand your portfolio or acquire a turnkey income-producing asset, this is an opportunity you do not want to miss.
Property Facts
| Price | $999,000 | Apartment Style | Low-Rise |
| Price Per Unit | $333,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.05 AC |
| No. Units | 3 | Building Size | 3,773 SF |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2002 |
| Zoning | R6 - Residential | ||
| Price | $999,000 |
| Price Per Unit | $333,000 |
| Sale Type | Investment |
| No. Units | 3 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.05 AC |
| Building Size | 3,773 SF |
| No. Stories | 3 |
| Year Built | 2002 |
| Zoning | R6 - Residential |
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Exceptionally walkable
100/100
Somewhat drivable
30/100
Exceptional public transit
100/100
Moderately bikeable
70/100
Property Taxes
| Parcel Number | 04512-0008 | Improvements Assessment | $45,236 |
| Land Assessment | $8,360 | Total Assessment | $53,596 |
Property Taxes
Parcel Number
04512-0008
Land Assessment
$8,360
Improvements Assessment
$45,236
Total Assessment
$53,596
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2722 Wallace Ave | 2722 Wallace Ave