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1174 Clay Avenue, BRONX
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.
- MLS® #H4922922
- Full Baths5
- Square Footage2,850
- Year Built2006
- TypeResidential Income
- Sub-TypeMulti Family
- Parking Spaces1
- ParkingAttached, Garage, Heated Garage
- GaragesAttached, Garage, Heated Garage
- ExteriorBrick, Stucco
- Lot DescriptionLevel
- ConstructionBrick, Stucco
- Date ListedApril 20th, 2019
- Days on Market395
- HOA Fees0.00
- Address1174 Clay Avenue
- Zip Code10456
- Interior FeaturesMaster Downstairs, 1st Floor Bedrm, Eat-in Kitchen, Master Bath, Walk-In Closet(s)
- HeatingNatural Gas, Baseboard
- CoolingWindow Unit(s)
- Has BasementYes
- BasementFinished, Full
- DistrictBronx 10
- Listing OfficeCharles Rutenberg Realty, Inc.
The data relating to real estate for sale or lease on this web site comes in part from HGMLS. Real estate listings held by brokerage firms other than Monroe Realty Center. Inc are marked with the HGMLS logo or an abbreviated logo and detailed information about them includes the name of the listing broker.
Information deemed reliable but not guaranteed.
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Listing information last updated on May 28th, 2020 at 2:46pm EDT.