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Welcome to Little Italy, the ivy league Fordham university section of the Bronx. This huge contemporary brick semi-detached 4 family home with a finished basement and houses four-single bedroom apartments (4 apartments), each renovated last year (2019) with hardwood floors throughout, Italian walk through kitchen, full bathroom and sizeable bedroom with a balcony for sitting out, and large living room/dining combo. Property is only two blocks from Fordham University and one block from the historic Arthur avenue business center renowned for great Italian cuisines. All apartments are rented with great paying tenants from a single paying program- HARLEM UNITED. Three apartments are each rented out for $1,525 monthly and the last apartment rents out for $1,545, bringing your total monthly income to $6,120;$73,440 yearly. Total expenses are $11,314, NOI= $62,126 (per annum). Basement is tiled, full and finished. In addition, this property also has a commercial overlay, affording a buyer the opportunity to build up an additional two floors and extend to the rear, thereby increasing the cap rate. Don't delay, put your money where your mouth is today !!!
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