LEGAL THREE FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three family property in the Bronx with strong income The property consists of three spacious 2 bedroom 1 ...
| Website: | https://www.nestseekers.com/5092324 |
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| Address: | New York, NY 10460 |
| Ownership: | For Sale |
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| Type: | Unknown |
| Bedrooms: | 6 BR |
| Bathrooms: | 3 |
| Lot Size: | 0.0 Acres |
Financials
Description
LEGAL THREE-FAMILY WITH VACANT UNIT
Excellent opportunity to own a legal three-family property in the Bronx with strong income
The property consists of three spacious 2-bedroom / 1-bath apartments, each separately metered, with the owner responsible for only water and common-area electric. One apartment will be delivered vacant, creating immediate flexibility for an owner-occupant or investor.
Current rents are $2,800 and $2,400 for the occupied units. The vacant 2-bedroom apartment is projected to rent for approximately $3,000 per month, bringing current achievable gross income to approximately $8,200 per month ($98,400 annually).
At market rents, gross income potential is estimated at approximately $11,000 per month ($132,000 annually).
Additional features include a finished basement.
Conveniently located near Noble Playground and the 2, 5, and 6 subway lines, providing easy access throughout the Bronx and Manhattan.
Ideal for investors or owner-occupants looking to offset their mortgage with rental income.
Amenities
- Electricity Connected
- Natural Gas Connected
- Other
505 Park Ave, New York, NY 10022 Phone: +1 212-252-8772 | |
| Listing Courtesy of De Luca Realty Group INC | |