Overview
I have this property in contract on 125 E. 169th street in Grand Concourse Section of The Bronx. It's a Legal 3 Family that needs a lot of work(approx. 70-80k). See picture link below. Currently it is set up as a 2 family as they took down the wall on 2nd and 3rd floor and turned it into a duplex(5 bedrooms-2bath). The 1st floor unit has 2 Bedrooms and 1 bath). Will be delivered vacant and need to close in 3 weeks or so. It's not a bad street at all. Has churches, schools, police station, etc. I think you can get about 400k when complete.
Current properties in this condition are selling for 265K (1340 clay, 361 E. 169th st). Property Details: Square Feet-2280 Gas Frame Detached 2 gar garage Has 11K buildable if you want to go that way with this. R8 Zoning
OPEX:
Water-$1600yr
Gas/Electric-$3600yr
Insurance-$1800yr
Taxes-$1600yr
Any questions let me know…Not the easiest property to show at this point but the pics below will def. give you a good idea of what needs to be done. Asking 200k. Let me know if you have any questions. https://www.dropbox.com/sh/fzcqixtjv7nul5n/AAAjNaiZgZwTcDDOLu6_OoATa?dl=0