Charles Rutenberg Realty, Inc.
Charles Rutenberg Realty, Inc.
![[Morrisania Real Estate, listing number 7068632]](https://www.vlshomes.com/images/full/7068632a.jpg)
| Description: 7068632 | |
| Investment opportunity is knocking!! Grab it today. 6 unit brownstone in a Fleetwood neighborhood in Grand concourse historic neighborhood of the Bronx! Own a piece of history today. Each apartment is good condition with one full bathroom. Because Zoning is R7 , there''s an opportunity to build up many more stories on top of the existing property. Property taxes is $9954( Annually) , Water is $7000( Annually Approx.), heating is $8000 ( Annually Approx.) , Maintenance is $3000( Annually ) , while insurance is $4000( annually). Total expenses is $24954 ( annually ) while total annual income $94692( Annually) , NOI is $69,738( With an opportunity to increase) , and a cap rate of 7.3%. Check it out!!!Investment opportunity is knocking!! Grab it today. 6 unit brownstone in a Fleetwood neighborhood in Grand concourse historic neighborhood of the Bronx! Own a piece of history today. Each apartment is good condition with one full bathroom. Because Zoning is R7 , there''s an opportunity to build up many more stories on top of the existing property. Property taxes is $9954( Annually) , Water is $7000( Annually Approx.), heating is $8000 ( Annually Approx.) , Maintenance is $3000( Annually ) , while insurance is $4000( annually). Total expenses is $24954 ( annually ) while total annual income $94692( Annually) , NOI is $69,738( With an opportunity to increase) , and a cap rate of 7.3%. Check it out!!! | |
Details: |
||
| Families: | 6 | |
| Bedrooms: | 7 | |
| Bathrooms: | 6 | |
| Property Type: | House | |
| Square Feet: | 3733 | |
| Acres: | 0.05 | |
| Built: | 1899 | |
| School District: | City of New York | |
Financials: |
||
| Price: | $900,000 | |
| Taxes: | $9,954 | |
Designed, Developed, Hosted