HIGH-YIELD INVESTMENT PROPERTY - THREE (3) UNITS / bungalows in prime City Island location - on the lovely Tier Street with water views! Only steps to the water, and a private beach - exclusive to Tier Street residents only, see included photo. Make this your primary or weekend home on the water, only 22 minutes from Manhattan, and offset your mortgage by renting out the other two units. Or, rent out all three for positive cash flow and with tenants paying off your mortgage. PRICE REDUCED TO SELL. APPRAISED AT $845,000. Tier Street is a favorite street on City Island; tranquil and beautiful, with excellent proximity to all of City Island's conveniences. At this location you can also escape any popular summer day/evening City Island Avenue traffic, driving to and from 32 Tier Street - as locals do- on "side streets". City Island is one of the most wonderful and unique places to live & enjoy with amazing proximity to Manhattan. Where else in NYC can you buy THREE units steps from the water - with private beach access - in this price range!!? Whether 32 Tier Street will serve as your primary / secondary home, or purely as an investment - it is safe to say that any property located at this proximity to the water, and Manhattan, is bound to keep appreciating in value at an exciting rate. It is the very reason, along with our low taxes and friendly community - that I myself own two properties on City Island. At 32 Tier Street, the two side-by-side units - one studio & one one-bedroom - have been renovated and are turnkey ready to use or rent out right away. The separate cottage in the rear needs some TLC and is perfect for you to bring your own style and updates - making it your very own private sanctuary. Perhaps raise the ceiling, add a roof deck, add another bedroom using the available FAR.. No matter what your needs are - come see this very special property and let your mind wander beyond the ordinary! Note that the recorded square footage does not include the rear Cottage; the total livable space is approximately 1500 square feet, divided into three separate units (floor plan included). The lot size is a generous 2500 square feet (25x100) 32 Tier Street is registered as 32-34 Tier Street, as well as 32A, 32B and 32 REAR Tier Street. Sold as is. Delivered vacant, or with one tenant. Very low taxes (only $5453 / year), and no flood insurance required! Despite its awesome proximity to the water, 32 Tier Street sits at a higher elevation point. CONTACT THE LISTING AGENT DIRECTLY WITH QUESTIONS, AND TO SCHEDULE A PRIVATE SHOWING. ALSO ASK FOR THE WALK-THORUGH VIDEO WHICH IS AVAILABLE UPON REQUEST! The City Island Lifestyle: City Island is a rare gem a tight-knit, coastal village within New York City. Home to yacht clubs, private beaches, art galleries, boutique shops, and excellent dining (many with stunning views of the Manhattan skyline, Eastchester Bay, and Long Island Sound). The island offers a lifestyle unlike any other in the city! "On your doorstep" you also have Pelham Bay Park which is the largest park of New York City - offering two golf courses, horse stables, walking, running, and bike trails! - And of course the beautiful public Orchard Beach which is currently undergoing an amazing renovation of its Art Deco commercial board walk. Plans to add a ferry stop for City Island, are also in the works. Imagine what that will do to City Island real estate value... On City Island residents enjoy: A true beach-town atmosphere Low taxes and high-quality city services Easy access to Manhattan via car or public transit Excellent schools, library, post office, and more Active boating, social, and cultural community events It is no wonder City Islanders rarely want to leave... (Recent New York Times coverage of City Island lifestyle: https://www.nytimes.com/2023/10/25/realestate/city-island-bronx.html)