1168-1174 Clay Avenue

$3,460,000, 28 Beds 20 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® #4922941
Price$3,460,000
Bedrooms28
Bathrooms20.00
Full Baths20
Square Footage2,850
Acres0.03
Year Built2006
TypeMulti-Family 2-4
Sub-TypeFlats
StyleContemporary
StatusActive

Community Information

Address1168-1174 Clay Avenue
AreaBronx
CityBronx
CountyBronx
StateNY
Zip Code10456

Amenities

Parking Spaces4

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

Parking

4+ Car Attached, Garage Parking

Interior

HeatingBase Board
CoolingWindow Units
Has BasementYes
BasementFinished, Full

Exterior

ExteriorBrick, Stucco
Lot DescriptionLevel
ConstructionBrick, Energy Star

School Information

DistrictBronx
ElementaryCall NYC DOC
MiddleCall NYC DOC
HighCall NYC DOC

Listing Details

Listing Courtesy ofCharles Rutenberg Realty, Inc.

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Listing information last updated on May 21st, 2019 at 7:28pm CDT.

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