3814 Barnes Avenue, Bronx, NY 10467

$1,200,000
8
BD
5
BA

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List Price
$1,200,000
Status
ACTIVE
MLS#
1023477
Bedrooms
8
Bathrooms
5
Full-baths
5
Lot Size
1,148
Neighborhood
Bronx
Year Built
2008
Acres
0.03

Property Description

Legal three-family with tenants paying all utilities except water, insurance & common electric. The top two units are three-bedroom, two-bath units. The ground-floor level unit is a two bedroom two bath. Property includes a gated driveway for convenient parking. Current tenants are cash-paying on time month-to-month tenants. Current rent roll is $7,000 monthly. Upside potential up to $116,016 calculated using present Sec 8 amounts paid with no utilities paid by the landlord; 3BR = $3,454; 2BR = $2,760. Kitchens and bathrooms are in good condition. The top two floors have pleasant forward-facing balconies as well. Three separate gas boilers and meters. 4 electric meters, one for each tenant and one for the common area. Total city-recorded building sq. footage is 3,444. Less hallways and stairs total apartment sq. footage is approximately 3,050 broken down as follows; 3BR's = 1.050sq. ft. and 2BR = 950sq. ft.. These are large sq. footage units with big bedrooms that accommodate king-size beds and additional furniture. R5 zoning. Landlord expenses include Insurance $3,000, common electric $600 annually, Water $600 per Q or $2,400 annually = $6,000. No basement - Utility room is rooftop.

Additional Information

Interior Features
First Floor Bedroom, First Floor Full Bath, Eat-in Kitchen
Utilities
Electricity Connected, Natural Gas Connected, Water Connected
Parking
Driveway
Water
Public
Basement
See Remarks
Basement Description
See Remarks
Heating
Baseboard

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Gregory Tsougranis (teamtsougranis@gmail.com) from Listing Office: Keller Williams Realty NYC Grp.

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.