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635 Commonwealth Avenue New York, NY 10473
$945,000
  • For Sale
  • 9 Bedrooms
  • 4 Full Baths
  • 3480 SqFt
  • Year Built 1940
  • Misc
  • ML# H6216637

Property Details

Overview

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.

Key Facts

  • SqFt: 3480.00
  • Lot Sq Ft: 2499
  • Taxes: $9,343
  • School District#: 8
  • School District: Bronx 8

Additional Features

  • Construction Materials: Brick
  • Interior Features: 
    Eat-in Kitchen
  • Parking Spaces: Yes
  • Parking Spaces: 1
  • Parking Facilities: Detached, Private

Rooms & Floor Plans

  • Bedroom: 9
  • Full Bath: 4

Interior & Utilities

  • Heat: Baseboard, Oil, Radiant
  • A/C: None
  • Water: Public
  • Sewer: Public Sewer

Financial

  • Taxes: $9,343
Listing Information provided courtesy of YourHomeSold Guaranteed Realty  718-324-6060
OneKey™ MLSThe source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed. Information Copyright 2020, OneKey™ MLS
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Cell: (516) 298-5382
Contact

JUDY FRUITBINE

Licensed Associate Real Estate Broker

Cell: (516) 298-5382 Email: jfruitbine@aol.com