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    434 Wales Avenue

    Bronx, NY 10455
    • $900,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: H6062007
    Price Reduced
    UPDATED: 39 min ago
    $900,000
    • 9
      BEDS
    • 0.06
      ACRES
    • 3
      BATHS
    • 0
      1/2 BATHS
    • 2,262
      SQFT
    • $398
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1931
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:
    School District:

    Description

    Accepted Offer as of 24 Oct, 2020 Asking Price: $900,000 Square footage is as follows: Interior: First floor: 903 Second floor: 997 Third floor: 692 Total interior: 2592 Exterior: 2100 RE Taxes- $2200 Water/ Sewer- $3200 Gas- $3500 Electric- $1500 Insurance- $2330 Total Expenses- $12,730 Rent** Apt 1- 2 Bed- $1650/ mo Apt 2- 4 bed- $2400/ mo* Apt 3- 3 bed- $1950/ mo ** All tenants are month to month. 4 bedroom tenant will move out to make a deal Total Income- $72,000 Tenant in Apt 2 takes out the trash and recycling for a $50 discount per month. Actual rent collected $2350/ mo NOI- $59,270 Cap Rate- 6.2% Value Add: apartments were renovated within the last 5 years, so value add is achieved by increasing rent to market value. There are also 3 parking spaces in the rear of the building that can be rented. I also think installing solar on the roof would work here, helping to decrease the expenses

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    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-24T14:17:08.74.
    www.remaxedgeny.com/homes/108801065
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    434 Wales Avenue Bronx, NY 10455

    • Price: $900,000
    • Status: Active
    • Updated: 39 min ago
    • MLS #: H6062007
    9
    Beds
    3
    Baths
    0
    ½ Baths
    0.06
    Acres
    2,262
    SQFT
    $398
    $/SQFT
    1931
    Built
    Neighborhood:
    Bronx
    County:
    Bronx
    Area:
    Bronx
    Elementary School:
    Call Listing Agent
    Middle School:
    Call Listing Agent
    High School:
    Call Listing Agent
    School District:
    Bronx 10
    Property Description
    Accepted Offer as of 24 Oct, 2020 Asking Price: $900,000 Square footage is as follows: Interior: First floor: 903 Second floor: 997 Third floor: 692 Total interior: 2592 Exterior: 2100 RE Taxes- $2200 Water/ Sewer- $3200 Gas- $3500 Electric- $1500 Insurance- $2330 Total Expenses- $12,730 Rent** Apt 1- 2 Bed- $1650/ mo Apt 2- 4 bed- $2400/ mo* Apt 3- 3 bed- $1950/ mo ** All tenants are month to month. 4 bedroom tenant will move out to make a deal Total Income- $72,000 Tenant in Apt 2 takes out the trash and recycling for a $50 discount per month. Actual rent collected $2350/ mo NOI- $59,270 Cap Rate- 6.2% Value Add: apartments were renovated within the last 5 years, so value add is achieved by increasing rent to market value. There are also 3 parking spaces in the rear of the building that can be rented. I also think installing solar on the roof would work here, helping to decrease the expenses
    Exterior Features

    Construction Materials Aluminum Siding Garage YN No Parking Features Off Street

    Interior Features

    Cooling Window Unit(S) Cooling YN Yes Heating Natural GasBaseboard

    Property Features

    Property Attached YN No Property Sub Type Multi Family Property Type Residential Income Senior Community YN No Tax Annual Amount 2158.00 Water Source Public

    Listing courtesy of Andrew Freerks of Andrew J. Freerks.
    © 2020 OneKey MLS. All rights reserved.


    © 2020 OneKey MLS. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or RE/MAX Edge. Data last updated: 2020-10-24T14:17:08.74.
     
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