Amazing Investment Opportunity in the Soundview Area of the Bronx!! This is a 5 story building with 12 apartments, TEN 3 Bedroom Apartments & TWO 1 Bedroom Apartments on the lower level! This building is absolutely well kept and updated for a smooth transition for the new owners! Over several years, all pipes were changed to copper, all windows have been reframed and insulated, just 5 years ago! Camera system was installed in the building in 2022. Each apartment has its own circuit breaker - the main one is in the basement. All rentals have cash tenants who pay their own gas & light. For more details on Cap Rate, Income and property upgrades, call today!! This is a great investment property for a new or seasoned investor. Schedule your appointment today!
1219 Elder 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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