Washington Heights 3 Family | Investor Opportunity | 508 West 169th St.
Cross Street: Amsterdam & Audobon
Status: Available
Description:
New Price Improvement!!! Own this turn-key three story Federal style attached townhouse, legal 3-family with one ground floor vacancy, two units generating an annual income of $30,000, leases expire August of 2011. Layout is three one bedrooms floor-throughs, Jr 1.5/1/1, all with one bathroom, top floor $1,200 per month and 2nd floor $1,100 per as preferential rent. The garden level one bedroom vacancy has large south facing backyard and could rent for $1700. per month. All units have decorative fireplaces in the living room and kitchens. Washer and Dryer in the basement for all tenants usage. Building has been upgraded and is in great condition with new plumbing, electrical and common stairs. Built: 19.33 X 40, on a 19.33 X 85 Lot, Zoned R7-2, and future gross earning potential is $55,200, less annual expences of $13,963, allowing an annual net profit of $41,237.00
Listing Information:New Price Improvement!!! Own this turn-key three story Federal style attached townhouse, legal 3-family with one ground floor vacancy, two units generating an annual income of $30,000, leases expire August of 2011. Layout is three one bedrooms floor-throughs, Jr 1.5/1/1, all with one bathroom, top floor $1,200 per month and 2nd floor $1,100 per as preferential rent. The garden level one bedroom vacancy has large south facing backyard and could rent for $1700. per month. All units have decorative fireplaces in the living room and kitchens. Washer and Dryer in the basement for all tenants usage. Building has been upgraded and is in great condition with new plumbing, electrical and common stairs. Built: 19.33 X 40, on a 19.33 X 85 Lot, Zoned R7-2, and future gross earning potential is $55,200, less annual expences of $13,963, allowing an annual net profit of $41,237.00
Rooms: 9
Bedrooms: 3
Bathrooms: 3
Property type: Walk up
Doorman: no
Approx. sq. ft.: 2,025
Financials & mortgage;
Price: $625,000
Maintenance: $0
R.E.T/Tax ded: 2763
Financing:
Features:
Centrally located in Washington Heights with a short walk to Columbia Presbyterian Hospital, both #1 and A/C train lines, plus all buses pass through: #2, #3, #4, #5, #98, #100, and #101. Plus Bronx bound buses at GWB Bus terminal. Easy access to three major highways, Henry Hudson, FDR Drive, and The Cross Bronx Expressway.
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All information furnished is from sources deemed reliable and is submitted subject to errors, omissions, change of price or rental, change of other terms and conditions, suitable references, prior sale, lease or financing or withdrawal without notice. No representation is made to the accuracy of any information furnished.