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
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