For Sale: 9+BR/3BA Multi-Family, 3 Units

East 188th Streer, Bronx, NY 10458

Great income producing property in the Belmont section of Bronx, NY! 3-family brick building producing $62,000 or more in annual rent. Motivated seller!

Gorgeous income producing 3-story 3-family brick house (4,368 SF) for sale. Located near Fordham University (2 blocks), Fordham Shopping Center and close to B, D, trains, and 4 and 2 train.

The property has a new gas boiler was installed 3 years ago. It has a backyard and a small front yard. Great income producing property.

There are two 4BR units (2d & 3rd Floors) and one 2BR unit in the building. A 2 BR unit will be delivered vacant.

Offered at: $450,000

Rent Roll:
1st Floor 2BR - $1,550 (previous tenant's rent, can now rent for $1,700);
2d floor - $1,890 (1 year remaining);
3rd Floor $1,755 (MTM Lease)

Details:
Year Built 1901 
Sq Footage 4,468 
Bedrooms 9+ 
Bathrooms 3 full, 0 partial 
Floors 3 
Parking None 
Lot Size 1,900 sqft 
HOA/Maint $0 per month

Annual Income:
1st Floor 2BR $18,600  (at $1,550/mo)
2d flo 4 BR $22,680
3rd floor 4BR $21,060
Total: $62,340

Annual Est. Expenses:
Taxes $3600
Water $1,292.00
Heat/Common Area Electric $3,896.00
Insurance $1,987.00
Total Est. Expenses $10,775.00

To arrange for showing please call Elena at 646-593-7207 or Rene at 917-657-2090. Need to pre-qualify first.

Renelli Realty, Licensed Real Estate Broker