Price
$ 860,000
1170 Clay Avenue, BRONX, NY 10456  
  • 7 beds
  • 5 baths
  • 2,850 sqft

1170 Clay Avenue, BRONX, NY 10456  

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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  • Listing Type Multi-Family
  • Listing ID 4922891
  • Bedrooms 7
  • Bathrooms 5
  • House Size 2,850 sqft
  • Lot Size 1,520.00 sqft
  • Listing Status Active
  • Year Built 2006
  • County Bronx
  • Full Bath 5
  • Units 3
  • County School District Bronx
  • School District 1 Call NYC DOE
  • School District 2 Call NYC DOE
  • School District 3 Call NYC DOE
  • Taxes 100.0
  • TaxYear 2018
Listing courtesy of Charles Rutenberg Realty, Inc.

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