635 Commonwealth AVE Back on Market Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10473
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Back On Market
Purchase Type For Sale
Square Footage 3,480 sqft
Price per Sqft $271
MLS Listing ID H6216637
Bedrooms 9
Full Baths 4
Originating Board onekey
Rental Info No
Year Built 1940
Annual Tax Amount $9,343
Lot Size 2,613 Sqft
Acres 0.06
Property Description
This property is back on the Market as of 8/1/2023. Set your attention and heart on this Large and well kept multi-family house for sale. The huge property is a legal 3 family house. The property rest on a quiet block in the clason point section of the Bronx, 10 min walk from the ferry to Manhattan or the 6 train. The property has been well maintained and it's in good condition. This 3 family consist of: First floor apartment : 2 bedroom, 1 bath. Second floor apartment: 3 bedroom, 2 bath. Third floor apartment: 4 bedroom, 1 bath. The current potential Rent Roll for this property is as follows. 4 br: $4000. 3 br: $3600. 2 br: $2400. ( vacant ) The current Least maximum potential monthly Rent Roll for this property is: $9600 a month. This property currently has a Potential Max income production of at least $9600 -$10,000 a month, according to NY rental prices. This property pays for itself, with immediate profits, and with an annual increase of the total monthly Rent Roll income stated above, due to periodic annual rent increases. The property is semi detached and has a Shared drive way. The 2 bedroom apartment will be delivered vacant, the 3 and 4 bedroom units will be sold with the present tenants. The rent roll has been stated above. This is the best 3 family unit available in the area and We are pricing it fairly to sell at $945,000. Once you get a glimpse of the inside of this well maintained property, you will fall in love. We welcome all qualified buyers and investors to view and submit your best and highest offers. This property was in contract and has been put back on the market as of August 1,2023, this property is in great condition and will require atleast 20 percent down payment if receiving an fha loan to pass self sufficiency test. Because of increasing house prices we will be increasing the price of this property as of April 5, 2024. Now that you have a second opportunity at this great investment property that's in great condition, Call now to secure your ownership at this current price. This Gem will not last on the market long!! Make this exceptionally special house yours.
Location
State NY
County Bronx
Rooms
Basement Walk-Out Access
Interior
Interior Features Eat-in Kitchen
Heating Oil,Baseboard,Hot Water
Cooling None
Fireplace No
Exterior
Garage Detached,1 Car Detached,Private
Garage Spaces 1.0
Fence Fenced
Waterfront Description Water Access
Parking Type Detached,1 Car Detached,Private
Total Parking Spaces 1
Garage true
Building
Lot Description Near Public Transit
Sewer Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Call Listing Agent
Middle Schools Bronx Mathematics Prep Sch (The)
High Schools Renaissance High School-Mtt
School District Bronx 8
Others
Senior Community No
Special Listing Condition None