961 Cauldwell Ave Active Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10456
Key Details
Property Type Vacant Land
Listing Status Active
Purchase Type For Sale
MLS Listing ID 897956
Rental Info No
Annual Tax Amount $159
Lot Size 1,080 Sqft
Acres 0.0248
Lot Dimensions 18 by 60
Source onekey2
Property Description
Development Opportunity – Corner Lot in the Bronx
18' x 60' corner property located in a quite neighborhood with R6 zoning.
This development site allows you to build up to 2,376 sq ft of residential space, suitable for a three-family building with two bedrooms in each unit.
Key Highlights:
R6 Zoning – build up to 2,376 sq ft
Three-Family Design – 2BR apartments with excellent layouts
Two Parking Garages – added convenience and value
Corner Property – abundant natural light from multiple exposures
Strong Rental Potential – each unit can rent at Section-8 rate for approx. $3,058/month
Projected Annual Rental Income: $110,088
Investment Return – recoup your investment within ~7 years
Comparable Sales – similar newly built properties in the area sell for $1.1M or more
This is a straightforward buy, build, and flip opportunity. Perfect for developers and investors looking for a high-yield project in a growing area.
Act now.
Location
State NY
County Bronx County
Interior
Fireplace No
Building
Lot Description Corner Lot
Sewer None
Schools
Elementary Schools Ps 126 Dr Marjorie H Dunbar
Middle Schools Science And Technology Academy: A Mott Hall School
High Schools Bronx 9
School District Bronx 9
Others
Senior Community No
Special Listing Condition None