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Miriam Rosa
Miriam Rosa
Associate Broker
Century 21 Metro-Star
Bronx, NY 10461

917-562-0552
Contact Me

Contact Me





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Listing 5 out of 628
$750,000 For Sale

1101 Morris Park Avenue
Bronx, NY 10461

3 beds, 1 full, 3 partial baths | Single Family Home
3,572 sq ft - MLS# 4854718
Property Photo
1/20

Description

NOT ONLY AN OPPORTUNITY TO LIVE RENT FREE, but a GOLDEN OPPORTUNITY to make EXTRA INCOME without working. Here's how. Put 20% down ($150, 000) on this property and you live in a 6 room duplex apartment Market Rent $2, 500/month) Rent out the legal street level "LEGAL" medical office for $4, 800/month and your 5.5% 30 year mortgage of $3, 407/mo is paid leaving you with $1, 393/month or $16, 716/year for Taxes: $4, 470, Insurance: $3, 000, Water/Sewer: $2, 000, Maintenance: $2, 400 Total Projected expenses as Tenant pays heat and electric for a cost of $11, 870. YOU NET $4, 846 per year (subject to credit and management ability) plus $2500/mo cash equivalency of your own apartment or $30, 000 for a grand total of $34, 846 of which $30, 000 is what you would pay for a one family rental. This property wont last. No pun intended but MOVE ON IT QUICKLY Give yourself and your family cash free living accommodations for the new year. CALCULATIONS ARE SUBJECT TO CREDIT STANDING & ONES ABILITY 2 MANAGE

Features

  • Property Type: Single Family Home
  • Sub Type: Single Family Home
  • Listing Status: Active
  • County/Area: Bronx County
  • Zip Code: 10461
  • Year Built: 1950
  • School District: Bronx
  • Elementary School: Call Nyc Doe
  • Middle School: Call Nyc Doe
  • High School: Call Nyc Doe
  • Sq.Ft.: 3,572 sq ft
  • Style: Colonial
  • Bedrooms: 3
  • Full Baths: 1
  • Half Baths: 3
  • Baths: 4
  • Area: Bronx
  • Air Conditioning: Central
  • Amenities: Fenced Yard
  • Garbage: Public
  • Heating Fuel: Natural Gas
  • Heating Type: Base Board, Hot Water
  • Heating Zones Numof: 2
  • Hotwater: Gas Stand Alone
  • Levels: 3.00
  • Lot Description: Level
  • Sewer Description: Sewer
  • Street Type: Public
  • Tax Amount: 4470
  • Tax Source: Municipality
  • Tax Year: 2018
  • Total Rooms Finished: 18
  • Village: Bronx
  • Water Description: Municipal
  • Year Built Exception: Actual
  • Year Renovated: 1980
Courtesy of Richard Greco Real Estate


Miriam Rosa | 917-562-0552 | Contact Me
2017 Williamsbridge Rd. - Bronx, NY 10461

www.Century21MetroStar.com
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