PERFECT INVESTMENT FOR INVESTORS

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Description:

2627 Webster is a five-Story, 16 unit apartment building located on the corner of Webster Avenue and East 194th Street in Fordham Manor.

The property has 85 feet of frontage on Webster Avenue providing residents with an abundance of natural light and views of the beautiful 85–acre Rose Hill campus of Fordham University. Most apartments have been fully renovated in the last 5 years. Additionally, the roof, parapet walls, brickpointing and windows have been recently updated. Perfect for even a hands-off investor, the property does not need any major work in the foreseeable future. It is fully rent-stabilized and fully occupied. Potential future rent increases combined with a sharp increase of demand for property in the Bronx make 2627 Webster the perfect buy for a value-oriented investor with a medium-term holding strategy.

Reasons why you should buy this apartment: