1168 Clay Avenue

$889,000, 7 Beds 5 Baths 2,850 Sqft .03 Acres

About This Property

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.

Essential Information

MLS® #H4921055
Price$889,000
Bedrooms7
Bathrooms5.00
Full Baths5
Square Footage2,850
Acres0.03
Year Built2006
TypeResidential Income
Sub-TypeMulti Family
StyleContemporary
StatusActive

Community Information

Address1168 Clay Avenue
CityBRONX
CountyBronx
StateNY
Zip Code10456

Amenities

FeaturesLevel
Parking Spaces1

Parking

Attached, Garage, Heated Garage

Garages

Attached, Garage, Heated Garage

Interior

InteriorHardwood
HeatingNatural Gas, Baseboard
CoolingWindow Unit(s)
Has BasementYes
BasementFinished, Full

Interior Features

Master Downstairs, 1st Floor Bedrm, Eat-in Kitchen, Walk-In Closet(s), Master Bath

Exterior

ExteriorBrick, Stucco
Lot DescriptionLevel
ConstructionBrick, Stucco

School Information

DistrictBronx 10

Additional Information

Date ListedApril 19th, 2019
Days on Market396
HOA Fees0.00

Listing Details

Listing Courtesy ofCharles Rutenberg Realty, Inc.

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Listing information last updated on June 4th, 2020 at 3:15pm CDT.

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