Serious Investors only - We're looking for a quick sale. Proof of Funds is required.
For Sale By Owner - Three buildings, sold separately or together.
Three x - 3 family buildings on the same street in Soundview Bronx. All Free Market rents, all updated. All built in 2006.
Tenants pay their own utilities. I just put in 3 new boilers. :-)
Accepting all offers -since i'm moving to Florida in the Spring. Tenants pay their own Heat and Hot water, they have their own boilers and hot water heaters.
All 3 buildings are on Elder Ave. (makes it very easy for maintenance) all right off the Bruckner Expressway- Nice Brightly lit street, rents very very easy.
All 3 buildings have a 2 bedroom and garage on the first level and then 2 more 3 bedroom units above making a total of 9 units total plus 3 garages.
Garages + driveway rent for $450 per month - easily. All 3 buildings were built in 2006. I paid about $650,000 back in 2007.
Some Units are rented for $3000, $2850, etc. - some are vacant, some are about to be vacant (I'm helping / paying 3 tenants to move out over the next 60 days)
No contract flippers.
These apartments typically rent for $3000 each (we have tenants paying that) plus $450 for the garage makes it $113,400 gross per year per building.
Deduct expenses - $8000 taxes, $6000 Insurance. $5000 water. Net should be $94,400.00 net, $90K at a 5 cap is $1.8m
I'll be posting all 9 units rents, vacancies, expected vacancies, etc.