Money maker - solid brick house legal 3-family prime location in Longwood area, $217.4/year extremely low property tax, 9/26/2020 done new roof, well maintained 3b/1b over 3b/1b over 2b/1b over fully finished full basement with 1 full bathroom, built in 2004, 4 electricity meters and 3 gas meters, fenced yard. Close to public transportation including 6 train express and local station, 2 & 5 train stations, easy access to major highways, close to all including restaurants, supermarkets, banks and post office... Rental income: 1st floor 2-bedroom apartment with city-paid tenant for $1700/month; 3rd floor 3-bedroom apartment with city paid tenant for $2000/month; 2nd floor fully renovated 3 bedroom, 1 bathroom apartment, shiny hardwood floor throughout, fresh paint, plenty of nature daylight, good tenants expected to move in soon with monthly rent $2100/month; Basement is expected to bring in more income if utilized as storage, etc. Stable high rental income with easy management and low maintenance cost brought CAP rate to approximately 6.5% (potential 8+%), a must see and a good buy, won't last. Information Is Deemed Reliable But Not Guaranteed. All Information Subject To Buyer's Verification Independently. No Offer Accepted Until Fully Contract of Sale.
Off market
$1,034,000
1161 Longfellow Ave, Bronx, NY 10459
8beds
3,148sqft
MultiFamily
Built in 2004
-- sqft lot
$1,034,000 Zestimate®
$328/sqft
$3,269 Estimated rent
What's special
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Heating
- Baseboard, Gas
Cooling
- Wall
Appliances
- Included: Range / Oven, Refrigerator
Interior area
- Total interior livable area: 3,148 sqft
Property
Parking
- Parking features: None
Features
- Exterior features: Brick
Lot
- Size: 2,121 sqft
Details
- Parcel number: 027540137
Construction
Type & style
- Home type: MultiFamily
Condition
- Year built: 2004
Utilities & green energy
- Sewer: Public Sewer
- Water: Public
Community & neighborhood
Location
- Region: Bronx
Other
Other facts
- Heating: Natural Gas, Baseboard
- PropertyType: Residential Income
- SeniorCommunityYN: 0
- WaterSource: Public
- HotWater: Gas Stand Alone
- Sewer: Public Sewer
- Cooling: Wall Unit(s)
- FireplaceYN: 0
- PoolPrivateYN: 0
- SpaYN: 0