Buy with Yoreevo
$1,179,000
List Price: $1,200,000
Share Listing
Save Listing
62 Buchanan Place
House in University Heights •  building info
10bd • 4ba • 2,442ft² $491 per ft²
Buy with Yoreevo

$1,179,000

List Price

$1,200,000

Key Details
Days on market
192
Last price change
loading...
Estimated payment
$6,965/mo
Taxes
$315/mo
Maintenance
N/A
Description
Turn-Key 2-Family Investment Opportunity in University Heights – Fully Renovated & Cash-Flowing Welcome to 62 Buchanan Place, a beautifully renovated 2-family brick home with R7B zoning, located in the thriving University Heights section of the Bronx. This is a prime opportunity for both investors and end-users seeking strong rental income and future development potential. The entire property has been fully renovated from top to bottom, featuring modern finishes, updated systems, and thoughtful layouts throughout. Property Breakdown: First Floor: A spacious 3-bedroom, 1-bath apartment with an open-concept layout currently operated as a daycare business. Tenant pays $3,600 cash, not on a lease, offering flexibility for new ownership. Second Floor Duplex: A sleek and modern 4-bedroom, 1-bathroom duplex apartment featuring open-concept living/dining space and contemporary finishes. Section 8 HPD tenant in place, generating $3,800/month. Ground Floor (Basement): A well-maintained 3-bedroom, 1-bathroom unit currently occupied by a cash-paying tenant at $2,600/month. With a total monthly income of $10,000, this property is not only fully renovated but also fully occupied, making it an ideal turn-key investment. Zoned R7B, it also holds potential for future development or expansion. Located close to public transportation, schools, parks, and major roadways, this property blends immediate cash flow with long-term upside. Don’t miss out on this rare Bronx multi-family gem—schedule your private tour today!

Hide full description

Home features
Hardwood floors
Building amenities
Services and facilities
Parking

Garage

Building info

History
What it'll cost
Purchase price
$1,200,000
Asking Price: $1,200,000
Term
30 Years
Down Payment
$120,000 (10%)
Min: 10% (120,000)
Rate
6.25 %
Mortgage Amount
$1,080,000
Mortgage Payment
$6,650
Taxes
$315
Estimated Yoreevo rebate
$21,000
Estimated closing cost
$44,000
Total monthly cost $6,965
Buy your dream home with us and get an estimated $21,000 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Keller Williams Realty Group

Information ©2025, OneKey MLS. All rights reserved. The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.