1168 Clay Avenue, Bronx, NY 10456

36 Photos
 
$849,000 List Price
Off Market
 
Listing ID 10595730
Property Type Multi-Unit (2-4)
School Bronx
Total Tax $100
FEMA Flood Map fema.gov/portal
Year Built 2006
Virtual Tour
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.
Property Details
  • 7 Total Bedrooms
  • 5 Full Baths
  • 2850 SF
  • Built in 2006
  • 3 Units
Interior Features
  • Baseboard
Exterior Features
  • Community Septic
Taxes and Fees
  • $100 Total Tax
Previously Listed By
Danny Agboh
Charles Rutenberg Realty, Inc.
Office: 718-994-4002
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