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Randy Reis

randy.reis@reisnyc.com +1(917) 435-4870

$875,000

Est. payment - /mo

2,500 Sqft Lot

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Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

MLS Listing ID 938230

Rental Info No

Year Built 1901

Annual Tax Amount $6,356

Lot Size 2,500 Sqft

Acres 0.0574

Property Sub-Type Multi Family

Source onekey2

Property Description

Detached 13 unit SRO in the Van Nest section of the Bronx. In the right hands this is truly a gold mine. Especially with the need for affordable housing and the new Mayor administration being pro-SRO. Mint your own $ with 13 legal SRO units. The unique design is perfect for an owner operator due to 1 of the 13 units consisting of a two bedroom duplex with its own separate entrance, but also with access to the 12 SRO rooms located on the 2nd and 3rd floor, through a hallway leading to the foyer where the tenants enter. There is a 2nd entrance for the tenants adding a degree of privacy and separation. There are 6 SRO units on the 2nd and 3rd floor. Each of the “SRO floors” have their own full bath. Big extras include a two car garage and a separate finished basement area with an external entrance. That's in addition to the owner units finished basement. With vouchers paying $1,967 when all utilities are paid by the landlord for SRO rooms, the revenue from the SRO rooms alone have the potential to net 12 x $1,967 = $23,604 monthly. If renting out the owners unit at the standard 2BR rate, with all utilities paid by the landlord, add on another $2,760, bringing the monthly potential rent up to $26,364!!! That $316,368 annually or just over 3 1/5 times rent roll with no consideration for potential parking revenue as well. The 180th St station transit HUB is .3 miles away with quick access for Manhattan commuters via the # 2 and #5 train. The owner duplex unit has the living room, dining room, 2 bedroom, full bath with Jacuzzi and a patio on the 1st level. The basement living area has a spacious open area, an office which could be used as a third bedroom, along with the utility room. The owners unit is vacant along with 8 of the SRO units leaving 4 occupied units presently; allowing new ownership to renovate as desired and place their new tenants. Fully operational sprinkler system current with all NYFD inspections. Can be purchased in conjunction with 372 Bronx River Avenue. Same ownership MLS # 938238.

Location

State NY

County Bronx County

Rooms

Basement Finished

Interior

Heating Natural Gas

Cooling None

Fireplace No

Exterior

Parking Features Garage

Utilities Available Electricity Connected, Natural Gas Connected, See Remarks, Sewer Connected, Trash Collection Public, Water Connected

Total Parking Spaces 2

Building

Story 3

Sewer Public Sewer

Water Public

Structure Type Aluminum Siding

Schools

Elementary Schools Contact Agent

Middle Schools Call Listing Agent

High Schools Contact Agent

School District Contact Agent

Others

Special Listing Condition None

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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS

Listed by Keller Williams Realty NYC Grp • Gregory Tsougranis

NEARBY SCHOOL & BUSINESS

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Randy Reis

+1(917) 435-4870

Team Leader | License ID: 40RE1176716

Team Leader License ID: 40RE1176716

376 Bronx Park AVE Bronx, NY 10460

Randy Reis

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

Others

NEARBY SCHOOL & BUSINESS

GET MORE INFORMATION