Multiple Family Home in Bronx, New York

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505 Concord Ave

Bronx, NY 10455

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$337,000
$1,406*
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Contact this seller Multiple Family Home 9 3 Bronx TPT0668

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Highlights and Description

  • $2,433 estimated taxes (yearly)
This is a legal three-family home conviently located right off of E 149 Street. Low taxes $2,433 per year.Three bedroom apartments on each floor. Once completed this property will be a great money maker. The entire building was in the preocess of being completely renovated. The exterior is complete with new windows, siding and roof. The only exterior work remaining is replacement of the front and rear exit doors and repair of the front steps. The interior is completely framed out and electrical wiring is about 80% complete. The cellar has a new steel beam support. Completion of the project would involve new electrical service, restoring gas service, all plumbing and heating work, insulation, sheetrock, wood floors, kitchens and bathrooms. The cellar floor is unfinished and the exterior walls are bare. The water and sewer are still connected. The construction plans for the renovation are approved and the work permits are active. There would be no delays in starting the renovation immediately after closing.Brokers welcome.
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 * Est. payment based on 20% down and a 30-year fixed rate mortgage of 4.75%

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