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635 Commonwealth Avenue, Bronx, NY 10473
$945,000 Asking Price
$---/mo Est. Payment Get Prequalified »
9
beds
4
baths
3,480
sqft
Built in
1940
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.
Features & Amenities
Interior
- General:
- Eat-in Kitchen
- Basement:
- Walk-Out Access
- A/C:
- false, None
- Heating:
- Oil, Baseboard, Hot Water
Exterior
- Parking:
- Detached, 1 Car Detached, Private, Parking spaces: 1
Location
- Originating MLS:
- onekey
- School District:
- Bronx 8
- County:
- Bronx
Lot
- Zoning:
- 03555-0051
- Fencing:
- Fenced
Utilities
- Water:
- Public
- Sewer:
- Sewer
Financial
- Source:
- onekey
- Exclusions:
- None
This listing courtesy of:
YourHomeSold Guaranteed Realty
Monthly Payment
Disabled 10% or more?
Used a VA Loan before?
Eligible for BAH?
Do you have dependents?
Your BAH amount is for the military housing area.
Loan term (number of years)
Property taxes are generally around 1.2% of the home’s value, but may vary based on location.
Annual homeowners insurance is typically 0.35% of the home’s value but can vary based on insurer.
$---
Est. Payment *
- Principal & Interest $--
- Taxes $--
- Insurance $--
- VA Funding Fee $--
$--- Est. Payment - $--- BAH = $--- Remaining
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About Bronx, NY
Housing
- Number of Units
- 525,376
- Median Home Value
- $406,796
- Median Rent
- $1,107
79.66% of housing units are renter occupied.
4.69% are vacant.
Commute
- Car
-
25.02%
- Public Transportation
-
52.80%
- Walk to Work
-
6.74%
- Work from Home
-
14.45%
- Other
-
0.58%
The median travel time to work is 41 minutes.
People
- Population
- 1,405,186
- Median Age
- 35.50
- Median Household Size
- 2.82
Education
- High School
-
28.62%
- Associate’s Degree
-
7.69%
- Bachelor’s Degree
-
13.10%
- Graduate Degree
-
7.51%
Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.
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