Great income producing property in the Belmont section of Bronx, NY! 3-family brick building producing $62,000 or more in annual rent. Motivated seller!
Gorgeous income producing 3-story 3-family brick house (4,368 SF) for sale. Located near Fordham University (2 blocks), Fordham Shopping Center and close to B, D, trains, and 4 and 2 train.
The property has a new gas boiler was installed 3 years ago. It has a backyard and a small front yard. Great income producing property.
There are two 4BR units (2d & 3rd Floors) and one 2BR unit in the building. A 2 BR unit will be delivered vacant.
Offered at: $450,000
Rent Roll:
1st Floor 2BR – $1,550 (previous tenant’s rent, can now rent for $1,700);
2d floor – $1,890 (1 year remaining);
3rd Floor $1,755 (MTM Lease)
Details:
Year Built 1901
Sq Footage 4,468
Bedrooms 9+
Bathrooms 3 full, 0 partial
Floors 3
Parking None
Lot Size 1,900 sqft
HOA/Maint $0 per month
Annual Income:
1st Floor 2BR $18,600 (at $1,550/mo)
2d flo 4 BR $22,680
3rd floor 4BR $21,060
Total: $62,340
Annual Est. Expenses:
Taxes $3600
Water $1,292.00
Heat/Common Area Electric $3,896.00
Insurance $1,987.00
Total Est. Expenses $10,775.00
To arrange for showing please call Elena at 646–593–7207 or Rene at 917–657–2090. Need to pre-qualify first.
Renelli Realty, Licensed Real Estate Broker
