Featured Listing

Elena | Renelli Realty, Licensed Real Estate Broker | (646) 593-7207

E 188th St, Bronx, NY

Income Producing Property! Gorgeous 3 Family Brick Building – $62000 or more annual rent – Motivated Seller!

9+BR/3BA Multi-Family, 3 units

offered at $450,000

Year Built	1901
Sq Footage	4,368
Bedrooms	9+
Bathrooms	3 full, 0 partial
Floors	3
Parking	None
Lot Size	1,900 sqft
HOA/Maint	$0 per month

DESCRIPTION

Gorgeous 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.
R6 zoning. 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.
Rent Roll: 1st Floor 2BR – $1550 (previous tenant’s rent, can now rent for $1700); 2d floor – $1890 (1 year remaining);3rd Floor $1755 (MTM Lease)

Annual Income
1st Floor 2BR $18,600
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 646 593 7207 or Rene 917-657-2090. Need to pre-qualify first.