15 FORT CHARLES Place

Douglas Elliman has been exclusively retained by ownership to market for sale 15 Fort Charles Place, Bronx NY. 15 Fort Charles Place presents a rare, end user / or investment opportunity, that can be delivered vacant, as a 3-Unit multifamily with a possible basement conversion for potential 4th Unit (enacted by Local Law 126 of 2024). All three units are comprised of 2 bedrooms and 1 bathroom each. If converted the basement offers a 4th unit that is a 2 bedroom, 1 bathroom as well.15 Fort Charles Place is a well maintained multifamily with all 3 free-market (FM) apartments which have each been renovated. There is a garage with two parking spaces. Unit 2 and Unit 3, feature stainless steel appliances and newly installed stackable LG washer dryers, within assigned storage units. Unit 1, features newly installed dishwasher, microwave, refrigerator and stove, with direct access to the backyard. The property features a common area comprised front patio.It is located in the historic Marble Hill enclave noted for its unique turn-of-the-century Victorian wood-frame homes and curved streetscapes. Positioned along a unique, curved streetscape historically noted for its turn-of-the-century Victorian architecture (including original moldings and ceiling medallions), the property combines rich historical significance and is situated on the site of the Revolutionary War outpost, Fort Prince Charles, enduring market appeal. While offering modern residential functionality.The property is ideally situated in Marble Hill, one of Bronx's vibrant residential neighborhoods, with convenient access to Inwood, Manhattan's northernmost neighborhood.The location offers excellent transportation connectivity and located within two blocks of the Metro-North's Marble Hill Station, which offers a 25 minute commute to Grand Central 42nd Street and the MTA's 1 Train at 225th Street and Broadway. This strategic location provides residents with convenient access to nearby Manhattan, the surrounding Bronx and Westchester markets. Proforma: Annual Rental Income $148,909 (Residential) + $5,400 (Commercial) - $19,235 (Annual Expenses + RE Tax) $129,674 Net Operating Income / 6.8% Cap Rate proforma. Please contact agent for details.