5 Beds
3 Baths
5 Beds
3 Baths
Open House
Sun Oct 11, 12:00pm - 3:00pm
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Subdivision Morris Park
MLS Listing ID 1054566
Bedrooms 5
Full Baths 3
Rental Info No
Year Built 1940
Annual Tax Amount $6,493
Property Sub-Type Quadruplex
Source onekey2
Property Description
Exceptional opportunity to own a fully renovated three-apartment property just one block from the train station. Ideal for an owner-occupant seeking rental income from the other residences or an investor seeking a renovated income-producing property.
The property features hardwood floors, energy-efficient split heating and cooling systems, stainless steel appliances including dishwashers, and a stackable washer and dryer in every unit. The upper residences offer comfortable layouts, walk-in closets and one full bathroom in each unit. The first-floor residence features step-free, walk-in access and a yard.
Residents are responsible for their individual utilities, including water usage. Cold water is separately submetered, allowing usage to be allocated to each residence and helping keep owner-paid operating expenses low.
At the $1,150,000 asking price, the full-property rental pro forma projects monthly rents of $3,200 for the first floor and $3,000 for each upper apartment, totaling $9,200 per month or $110,400 annually. Listed annual operating expenses total approximately $10,341, including property taxes, estimated insurance, common electricity and submetering service fees. This results in projected net operating income of approximately $100,059 and a projected cap rate of 8.70%.
With its renovated condition, in-unit laundry, individual climate control and convenient transportation access, 2034 Colden Avenue offers flexibility to live in one residence while collecting rent from the others or rent all three apartments as an investment.
Location
State NY
County Bronx County
Rooms
Basement Finished
Interior
Interior Features First Floor Bedroom, First Floor Full Bath
Heating Electric
Cooling Separate Meters
Fireplace No
Exterior
Parking Features Driveway
Garage Spaces 1.0
Utilities Available Electricity Connected
Garage true
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Schools
Elementary Schools Contact Agent
Middle Schools Call Listing Agent
High Schools Contact Agent
School District Contact Agent
Others
Senior Community No
Special Listing Condition None
