321 Soundview Avenue, Bronx, NY 10473

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$570,000 List Price
Off Market
 
Listing ID 10987926
Property Type Multi-Unit (2-4)
County Bronx
Township Bronx
Neighborhood Clason Point
Total Tax $3,167
Tax ID B-3474-63
FEMA Flood Map fema.gov/portal
Year Built 1940
   
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Value-add 3-family, good for investor or to live in and rent out

This is a turn-key operation, located in the nice area of South-East Bronx, right between two major parks and bodies of water. It's a renovated 3-unit building, which currently grosses $52,560 per year, with the potential to gross $60,600 per year if you bring up the rents to market value. The property has a studio on the top floor ($1300 rent), studio on the second floor ($1300 rent), and a store on the bottom floor ($1700 rent). The lease on the store expires August 1st and they will not renew. This is a perfect opportunity for an investor to buy a 3-unit building for below market value, and capitalize on the current low rents. Alternatively, this can be a great way for an end-user to live here while collecting rent to pay for the mortgage, and even making a profit on top of it. Please reach out to my email or cell to schedule a showing today! Disclaimer: the building is currently taxed as, and legally conditioned to be one residential unit over two commercial spaces, however, it has not actually been set up as that for many years.
Property Details
  • 4 Total Bedrooms
  • 3 Full Baths
  • 2075 SF
  • 1255 SF Lot
  • Built in 1940
  • Renovated 2000
  • 2 Stories
  • Available 4/15/2021
  • Apartment Style
  • Full Basement
  • 1000 Lower Level SF
  • Lower Level: Unfinished
Unit Information
Unit #1 – Gross Area: 800, Rent Price: 1700, Bedrooms: 2, Full Baths: 1, Occupied
Unit #2 – Gross Area: 625, Rent Price: 1340, Bedrooms: 1, Full Baths: 1, Occupied
Unit #3 – Gross Area: 650, Rent Price: 1340, Bedrooms: 1, Full Baths: 1, Occupied
Interior Features
  • Pass-Through Kitchen
  • Oven/Range
  • Refrigerator
  • Microwave
  • Garbage Disposal
  • Appliance Hot Water Heater
  • Hardwood Flooring
  • Balcony
  • Terrace
  • 4 Rooms
  • Living Room
  • Primary Bedroom
  • Kitchen
  • Fire Sprinklers
  • Baseboard
  • Oil Fuel
  • Wall/Window A/C
Exterior Features
  • Frame Construction
  • Street View
  • Near Bus
Community Details
  • Triplex (Bldg. Style)
Taxes and Fees
  • $3,167 Total Tax
Previously Listed By
Steven Westreich
WESTBRIDGE REALTY GROUP LLC
Office: 212-658-0793
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