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For Sale

$990,000

373 days on market

1735 Mansion Street

Bronx, NY 10460

· 8% down, 7% APR, 30yr fixed

6

Beds

3

Baths

—

Square feet

2007

Built

Listing narrative

Description

LEGAL THREE-FAMILY WITH VACANT UNIT Excellent opportunity to own a legal three-family property in the Bronx with strong income The property consists of three spacious 2-bedroom / 1-bath apartments, each separately metered, with the owner responsible for only water and common-area electric. One apartment will be delivered vacant, creating immediate flexibility for an owner-occupant or investor. Current rents are $2,800 and $2,400 for the occupied units. The vacant 2-bedroom apartment is projected to rent for approximately $3,000 per month, bringing current achievable gross income to approximately $8,200 per month ($98,400 annually). At market rents, gross income potential is estimated at approximately $11,000 per month ($132,000 annually). Additional features include a finished basement. Conveniently located near Noble Playground and the 2, 5, and 6 subway lines, providing easy access throughout the Bronx and Manhattan. Ideal for investors or owner-occupants looking to offset their mortgage with rental income.

Listing agent (MLS): Christina De Luca · Listing brokerage (MLS): De Luca Realty Group INC

Property Details

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Price

$990,000

Beds

6 bd

Type

House

Home Size

Sqft n/a

Baths

3

Lot Size

1,011 sqft

Year

2007

Status

For Sale

Days on Market

373

· 8% down, 7% APR, 30yr fixed
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Courtesy of De Luca Realty Group INC