635 Commonwealth Avenue, BRONX, NY


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About 635 Commonwealth Avenue

This property is back on the Market as of 8/1/2023. Set your attention and heart on this Large and well kept multi-family house for sale. The huge property is a legal 3 family house. The property rest on a quiet block in the clason point section of the Bronx, 10 min walk from the ferry to Manhattan or the 6 train. The property has been well maintained and it's in good condition. This 3 family consist of: First floor apartment : 2 bedroom, 1 bath. Second floor apartment: 3 bedroom, 2 bath. Third floor apartment: 4 bedroom, 1 bath. The current potential Rent Roll for this property is as follows. 4 br: $3600. 3 br: $3200. 2 br: $2400. The current Least maximum potential monthly Rent Roll for this property is: $9200 a month. This property currently has a Potential Max income production of at least $9200 -$10,000 a month, according to NY rental prices. This property pays for itself, with immediate profits, and with an annual increase of the total monthly Rent Roll income stated above, due to periodic annual rent increases. The property is semi detached and has a Shared drive way. This is the best 3 family unit available in the area and We are pricing it fairly to sell at $945,000. Once you get a glimpse of the inside of this well maintained property, you will fall in love. We welcome all qualified buyers and investors to view and submit your best and highest offers. This property was in contract and has been put back on the market as of August 1,2023, this property is in great condition and will require atleast 20 percent down payment if receiving an fha loan to pass self sufficiency test. Because of increasing house prices we will be increasing the price of this property as of April 5, 2024. Now that you have a second opportunity at this great investment property that's in great condition, Call now to secure your sale at this current price, as this Gem will not last on the market long!! Make this exceptionally special house yours.

Features of 635 Commonwealth Avenue

MLS® # H6216637
Price $945,000
Bedrooms 9
Bathrooms 4.00
Full Baths 4
Square Footage 3,480
Acres 0.10
Taxes $9,343
Year Built 1940
Type Residential Income
Sub-Type Multi Family
Status Active

Community Information

Address 635 Commonwealth Avenue
County Bronx
State NY
Zip Code 10473
Adult 55+ Community No


Parking Spaces 1
Parking Detached, 1 Car Detached, Private
# of Garages 1
Is Waterfront Yes
Waterfront Water Access
Has Pool No


Interior Features Eat-in Kitchen
Heating Oil, Baseboard, Hot Water
Cooling None
Has Basement Yes
Basement Walk-Out Access
Fireplace No


Lot Description Near Public Transit
Exterior Brick

School Information

District Bronx 8
Elementary Call Listing Agent
Middle Bronx Mathematics Prep Sch (The)
High Renaissance High School-Mtt

Additional Information

Date Listed October 19th, 2022
Days on Market 551
Short Sale No
RE / Bank Owned No

Listing Details

OfficeYourHomeSold Guaranteed Realty

Listing Map

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