Updated about 10 years ago on . Most recent reply
HOT! OFF MARKET 6 Family + Store 14% Cash on Cash Return (Bronx NY)
Located in Longwood section of the Bronx is a multi-family home in Bronx, NY 10459. This 5,400 square foot multi-family home sits on a 4,044 square foot lot. This property was built in 1931. Great income generating commercial property with a big store and 6 apt units, fully rented. Annual income:$110,760. Expenses,$20,760. Net Income:$90,000. Property tax: only $7,115 annually. Leases are Non-Regulated Leases. Most leases are expired and rents are below market rent. This property has separate gas, electric and heat for each unit and tenants pay all utilities except for water. Close to public transportation, shops and parks.
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Abe
917-364-0252