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1168-1174 Clay Ave, Bronx, NY 10456
28 Beds
20 Baths
2,850 sqft

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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.
  • Price:
  • $3,396,000
  • Bedrooms:
  • 28
  • Full Baths:
  • 20
  • Square Footage:
  • 2,850
  • Acreage:
  • 0.03
  • Year Built:
  • 2006
  • Listing ID #:
  • 4922941
  • Street Address:
  • 1168-1174 Clay Ave
  • City:
  • Bronx
  • State:
  • New York
  • Postal Code:
  • 10456
  • County:
  • Bronx County
  • Listing Status:
  • Active
  • Amenities:
  • 1st Fl Master Bedroom, 1st Floor Bedrm, Eat In Kitchen, Hardwood Floors As Seen, Heated Parking, Master Bath, Sprinkler Fire Sys, Trash Collection, Walk In Closet
  • Basement Description:
  • Finished, Full
  • Siding:
  • Brick, Stucco
  • Square Footage Source:
  • Municipality
  • Style:
  • Contemporary
  • Total Building Square Footage:
  • 2850
  • Year Built:
  • 2006
  • Year Renovated:
  • 2018
  • Annual Water Expenses:
  • 10800
  • Lot Description:
  • Level
  • Property Taxes:
  • $100
  • Tax Year:
  • 2018
  • Parking Description:
  • 4+ Car Attached, Garage Parking
  • Parking Spaces:
  • 4
  • Cooling System:
  • Window Units
  • Heating:
  • Base Board
  • Heating Fuel:
  • Natural Gas
  • Sewage Type:
  • Sewer
  • Water Heater:
  • Gas Stand Alone
  • Water Amenities:
  • Community
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The amounts for the Tax, Insurance, and HOA are estimates and not actual amounts.

Your Payment
$1,400/mo
  • Listing Provided By: Danny B. Agboh of Charles Rutenberg Realty
  • HUDSON

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