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235-241 E 173rd Street
Bronx, NY 10457

Residential Multi Family (Multi Family)

0.02 Acres
2565 Sqft Living Area

21 Bedrooms

8 Bathrooms (8 Full, 0 Half)

Year Built: 2006

$3,600,000

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Property 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 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!