587 E 178th Street

Turnkey income-producing three-family property located at 587 E 178th Street in the Bronx. Constructed in 2010 and carefully maintained, this contemporary building offers a low-maintenance investment opportunity. The property includes three well-sized 2-bedroom, 1-bathroom apartments with high ceilings and clean, well-preserved interiors. Each apartment has its own individually metered boiler and water heater, allowing for better control of operating costs. The building also features storage rooms that are currently leased, creating additional rental income. Zoned R7-1 and benefiting from a tax abatement through 2036, the property provides stabilized rental income while helping reduce overall expenses. The building is equipped with a full sprinkler system, has no HPD or DOB violations, and all documentation is current. Situated in a busy residential area with easy access to public transportation, shopping, schools, and major roadways, the location continues to attract strong tenant demand, making this property a valuable long-term investment opportunity in the Bronx.