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MLS® ID: 4922922

1174 Clay Avenue

Bronx, New York, 10456

$849,000 Active
  • 7 Beds
  • 5 Baths
  • 2850 SQFT
CHECK THIS OUT! Package deal strictly for investors only. Located in the Long wood section of the Bronx, New York City, we present 4 newer constructed brick 3 family houses with MLS#s 4921055,4922891,4922920,4922922. All with uniformly designed layout and outlook. Awesome location, close to Manhattan. Each of these four 3 family houses features open concept living room/dining room combo, crisp and clean design kitchens and 2 beautiful bathrooms on each floor. A casual stroll through the living room of the first floor units will expose you to a fenced rolling green lawn, thus creating a very cozy homely ambiance at each backyard. With a total of 8 three bedrooms, 4 one bedrooms (12 bedrooms total), and 4 finished basements with 4 one car garage on each house, these newer constructed properties are worth your investment. Invest today and smile tomorrow. Gross income from the 4 houses is $233,400/pa. Expenses is $21,200/pa, net operating income is $212,200/pa. Tax is less than $400/pa (25 yrs tax abatement active, remaining 13 yrs), cap rate is 6% approx, and will increase to 8.7% if seller increases the current rental incomes to meet the current market value. Present rental values are below market value. Only 2 active leases. All other leases are expired. Close to all public transportation and each property is R7 zoning. Purchase today, hold for some years, resale and harvest your American dream! Call me!!! PLEASE SEE ATTACHED DOCUMENT FOR INCOME AND EXPENSE BREAK DOWN.
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Overlay Logo Listing courtesy of Charles Rutenberg Realty, Inc.

Amenities

  • Full baths
    5
  • Half baths
    0
  • Full Baths Range
    4+ Baths
  • Total Baths
    5
  • Zip
    10456
  • Office name
    Charles Rutenberg Realty, Inc.
  • SQFT
    2850
  • Bedrooms
    7
  • Property type
    Multi-Family 2-4
  • School district
    Bronx
  • Elementary school
    Call NYC DOE
  • Junior high
    Call NYC DOE
  • High school
    Call NYC DOE
  • Year built
    2006
  • Lot size
    0.0349
  • Sewer
    Sewer
  • Heating
    Base Board
  • Tax year
    2018
  • Agent name
    Danny B. Agboh
  • Tax amount
    $ 100.0
  • Purchase Type
    Active
  • Price Range
    $800k-$900k
  • Square Feet Range
    2500-3000 sq ft.
  • Bedrooms Range
    7 Beds
  • Year Built Range
    2000-2009
  • Office ID
    RUTENB01

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