Buy this excellent income producing property! This is a spacious and well-maintained legal 3-family brick building with 3, 606 square foot plus high ceiling full basement located in the vibrant Mott Haven neighborhood of the Bronx. Only 19 years young, this property is ideal for investors or owner-occupants seeking rental income. Each unit is self-sufficient with its own utilities, providing convenience and maximizing profitability. The first-floor unit features 2 bed and 2 full baths, while the second and third floors each offers 3 bed and 2 full bath, providing ample living space. All bedrooms in every unit are generously sized, and each unit has its own utilities, boiler & hot water, ensuring independence and convenience for residents. The full high ceiling basement with separate entrance offers endless possibilities, whether for additional storage, recreation, or conversion to suit your needs. The large, fenced backyard is perfect for hosting parties and BBQs, making it a great spot for outdoor entertainment. Additionally, a skylight view makes the third floor even more special where there's a built-in ladder to access the flat rooftop as well. Commuters will appreciate the convenience with the 2, 5 & 6 subway lines as well as the Bx17 bus, just a short walk away. The seller prefers to sell with tenants in place, but the building can also be delivered vacant. This is an ideal opportunity for investors or owner-occupiers looking for a spacious and conveniently located property in the Bronx. The property benefits from low taxes, making it an even more attractive investment. This solidly built, low-maintenance home is a rare find, combining durability with modern rental potential. Don't miss this excellent opportunity!
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William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.Alvarez@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
---|---|---|---|
Loan Amount | $956,000 | $956,000 | $956,000 |
Term | 360 months | 360 months | 180 months |
Initial Interest Rate** | 5.375% | 6.125% | 5.625% |
Interest Rate based on Index + Margin | 8.125% | ||
Annual Percentage Rate | 7.055% | 6.234% | 5.805% |
Monthly Tax Payment | $83 | $83 | $83 |
H/O Insurance Payment | $125 | $125 | $125 |
Initial Principal & Interest Pmt | $5,353 | $5,809 | $7,875 |
Total Monthly Payment | $5,561 | $6,017 | $8,083 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.