3208 Olinville Avenue, Bronx, NY

About 3208 Olinville Avenue

We are beyond thrilled to offer this incredible investor or end user opportunity and THE BEST deal for an 8 bedroom / 4 FULL bathroom 2 family property (with private driveway) in the Bronx, all for below $1M ! This incredible opportunity is offered with the 1st floor 4 bedroom / 2 full bathroom unit fully vacant, presenting the opportunity for an investor to choose their tenant with potential rent of $4,000 monthly or for an end user to occupy the first floor and have their own private parking + massive private patio as well. The upstairs features and additional 4 bedroom and 2 full bathrooms all with modern and tasteful renovation throughout. This unit is presently rented with a lease in place. Not included in the 1,992 reported square feet, is another almost 1,000 square feet in the massive walk out basement which offers incredible versatility and can be used for a multitude of purposes. The basement is newly updated as well with multiple rooms for storage or however the buyer sees fit. An investors dream, the home features 2 boilers and 2 hot water tanks allowing the tenants to be fully responsible for their utilities and for complete ease when calculating the utilities in the home. Upstairs on the 3rd level is full finished and standup attic which can be used for a kids play area, storage room, or really whatever the buyer can imagine. This property offers everything an investor or end user could ask for, with potential 8% or better cap rate (once the 1st floor is rented out), private parking, a massive backyard / patio, and a stones throw away from the Burke Ave Express 2/5 subway lines which get you into the Upper East or Upper East side in about 45 minutes. In the immediate vicinity you have supermarkets, shopping, restaurants, dining, and all of the essentials. Reach out to Brian today - this one won't last for long!

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