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HUGE 8,820 SF Well-Maintained 8 Family Building Selling for an 8.94x GRM and 6.9% CAP RATE in Belmont area of Bronx by Saint Barnabas Hospital (only blocks to Fordham University and B, D & 4 subway line) offers (5) 3 Brms, (3) 4 Brms over Basement Workshop/Storage and Boiler Room. Many Improvements over the years: NEW Gas Main Risers throughout, Dual Boiler offers option to burn Gas or Oil, (2) 75 Gallon Hot Water Heaters, Upgraded Main Electrical Service with Meters and Electrical Lines Throughout Building and Apartments, Front Entry Door, Intercom System, 24 Hour Video Security Surveillance System and Mostly All Apartments have been Renovated at vacancy turnover. EXCELLENT CASH FLOW = $ 189,887 GROSS INCOME less $67,134 EXPENSES for $117,265 NET ANNUAL INCOME!!! Listed To Sell $1,700,000 NEG!!!PROPERTY FEATURES
Water Source :
Public
Parking Features:
On Street
Heating :
Natural Gas
Construction Materials:
Block
Basement :
Full
PROPERTY DETAILS
Street Address: 2248 Bassford Avenue
City: Bronx
State: New York
Postal Code: 10457
County: Bronx
MLS Number: ONEH6293979
Year Built: 1910
Courtesy of Exp Realty
City: Bronx
State: New York
Postal Code: 10457
County: Bronx
MLS Number: ONEH6293979
Year Built: 1910
Courtesy of Exp Realty
Courtesy of Douglas Elliman Real Estate
