Discover this legal 3-family property in the heart of the Claremont Village section of the Bronx, perfect for a savvy investor or developer. The building features two spacious 3-bedroom units above a well-appointed 1-bedroom unit, each offering modern kitchens with stainless steel appliances, dishwashers, and sleek granite countertops. Tenants are responsible for their utilities, with separate systems in place, making this an ideal investment for hassle-free income generation. The property also includes an attached 2-car garage for added convenience. Zoned R7-1, this property presents significant development potential, offering opportunities to maximize its value. Don’t miss this chance to secure a versatile and high-yielding investment in a thriving neighborhood! Currently fully occupied one unit will be delivered vacant at closing.
1350 Clay Avenue, Bronx, NY, 10456
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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