7 beds | 4 baths | #H6115459
Pending
Description
ACCEPTED OFFER AS OF 8/4 - Welcome to this 4 unit investment in a thriving section of the South Bronx. This home features one 3 bedroom apartment, one 2 bedroom apartment, and two 1 bedroom apartments. 3 of the 4 apartments are rented out. There is potential to receive a full tax abatement once renovations are complete. Buyer MUST assume the HPD renovation loan which is $420k at 0% interest and is a 2nd lien position.(HPD Loan is not pre-payable) MONTHLY PAYMENTS FOR THAT LOAN ARE $291.30/monthly with a balloon payment at the end of maturity in 2051 for the remainder. Units become rent stabilized after renovations are completed at the end of the summer and must follow NYC AMI rental guidelines which equates to market rate rent in this area. This 4 unit has undergone large renovation items already. Completed Renovations include: Asbestos removal, all new windows (including lintels, window sills, etc.) in all 4 units, 2 brand new hot water heaters, new parapet and building envelope has been rebuilt, new front and back stairways, new intercom system, new front and back entry doors, new energy-saving fixtures in units, ex. - shower heads, faucets, LED lights, door weather strips,
Interior Details
Beds & Baths
- Bedrooms:7
- Bathrooms:4
- Full Baths:4
Property Details
Measurements
- Acres:0.06
Construction Details
Type & Style
- Property type:Purchase
- Basement:Full, Unfinished, Walk-Out Access
Condition
- Year built:1929
Utilities / Energy Details
Utility
- Sewer information:Public Sewer
- Utility source:Public
Community and Neighborhood Details
Location
- Elementary School:Call Listing Agent
- Middle School:Call Listing Agent
- High School:Call Listing Agent
- County:Bronx
Financial Details
Pricing Details
- Original List Price:$849, 000
Other
Source
- MLS #:H6115459
Location
Legal
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
Last Updated: . Source: ONEKEY
Listing Courtesy
Listing Agent: Ceasar Rosas
Listing Office: Exp Realty
Listing Courtesy (Buyer)
Buyer's Agent: Ceasar Rosas
Keller Williams LandmarkAsk Vinny Thompson team
Interested in Purchasing 1120 Wheeler Avenue?
Get an estimate on monthly payments on this property.
Note: The results shown are estimates only and do not necessarily include accurate taxes or homeowner's insurance!
$100
Monthly Payment
