$3,900,000
235-241 East 173rd Street
Price:
$3,900,000
BR/BA:
10+ BR, 8 BA
Location:
235-241 East 173rd Street, Bronx, NY
Description:
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 saleed 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 saleed 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! Still available at ListedBuy!
Property Type:
Multi-Family Residences for Sale
For sale by:
Agent/Broker
Agent Name:
Danny B. Agboh
Posted:
August 3 2023 on ListedBuy
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More About this Listing: 235-241 East 173rd Street
235-241 East 173rd Street is a 10+ BR Eight Bath Multi-Family Real Estate for Sale at 235-241 East 173rd Street in Bronx NY. Find other listings like 235-241 East 173rd Street and listings near 235-241 East 173rd Street by searching Oodle Classifieds for 10+ BR Eight Bath Multi-Family Real Estate for Sale in Bronx NY.
235-241 East 173rd Street is a 10+ BR Eight Bath Multi-Family Real Estate for Sale at 235-241 East 173rd Street in Bronx NY. Find other listings like 235-241 East 173rd Street and listings near 235-241 East 173rd Street by searching Oodle Classifieds for 10+ BR Eight Bath Multi-Family Real Estate for Sale in Bronx NY.