If you are looking for a young legal three-family in the Bronx, then this is one you will want to see. This property will be delivered with two of the three units vacant. The final unit is rented for the full current market value of $3077 monthly. This home is an excellent fit for both an owner-occupant and an investor looking for a steady return. There is a 1 car garage in the property and all units have separate meters. Close to public transportation, shopping, and places of worship. Fully occupied, at current market rents, this property will perform with a capitalization rate of over 8%.
Heating:
Natural Gas, Steam
Parking:
1-car, Shared Driveway, 1 Car Attached
Lot Description:
Near Public Transit
Elementary School:
Ps 100 Isaac Clason
Middle School:
Archimedes Acad-Math,Sci,Tech
High School:
Bronx Community High School
School District:
Community District 8
1007 Ward Avenue, Bronx, NY, 10472
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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