235-241 E 173rd Street, Bronx, NY 10457

26 Photos
 
$3,600,000
Active for Sale
21 Beds
8 Baths
2565 SF
Built In 2006
 
Listing ID 11062301
Property Type Residential
School City of New York
///villa.faced.spends
Total Tax $1,200
Tax ID 02792-0058
Year Built 2006
///villa.faced.spends
Investors' delight! 4 brick 3 family homes with a total of 12 units, Package deal designed for savvy investors (8 three bedrooms apartments and 4 two bedrooms apartments) fully rented with steady cash flow. Buildings can also be purchased separately: MLS numbers #6172983, #6173023, #6173027 & #6173031. Enjoy unlimited cash flow when you own these unique stainless properties. Enjoy an unusually low property tax on the entire 4 houses for only $1,200 per annum as 25yrs tax abatement still exists, with 10 more years to go. Also, many of the apartments are currently rented below market value, offering room for increased yearly income. Each property features a 3-bedroom apartment, over 3 bedroom apartment, over 2 bedroom apartment on the walk-in level, with access to the backyard, with separate utilities. Tenants pay all utilities except water. Current total Annual income is $245,280($20,440 Monthly). Annual Expenses: Insurance - $10,700, Water & Sewage - $12,000, Maintenance - $3,000, property tax - $1,200. Net Operating Income: $219,580. CAP RATE - 17.8%(approx.). Let's do this!
Property Details
  • 21 Total Bedrooms
  • 8 Full Baths
  • 2565 SF
  • 0.02 Acres
  • 1067 SF Lot
  • Built in 2006
Interior Features
  • Hardwood Flooring
  • First Floor Master
  • Baseboard
  • Natural Gas Fuel
  • Wall/Window A/C
Exterior Features
  • Brick Siding
  • Community Water
  • Community Septic
Community Details
  • Playground
Taxes and Fees
  • $1,200 Total Tax
Listed By
Charles Rutenberg Realty, Inc.
Office: 718-994-4002
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