$760,000

1101 Morris Park Avenue Bronx, NY 10461

Beds: 3
Baths:
Sq Ft: 3572
Type: Single Family
MLS#: 4854718
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Estimated Monthly Payment

$5,051
Interest Rate %
Down Payment
5 year
15 year
30 year

NOT ONLY AN OPPORTUNITY TO LIVE RENT FREE, but a GOLDEN OPPORTUNITY to make EXTRA INCOME without working. Here's how. Put 20% down ($150,000) on this property and you live in a 6 room duplex apartment Market Rent $2,500/month) Rent out the legal street level "LEGAL" medical office for $4,800/month and your 5.5% 30 year mortgage of $3,407/mo is paid leaving you with $1,393/month or $16,716/year for Taxes: $4,470, Insurance: $3,000, Water/Sewer: $2,000, Maintenance: $2,400 Total Projected expenses as Tenant pays heat and electric for a cost of $11,870. YOU NET $4,846 per year (subject to credit and management ability) plus $2500/mo cash equivalency of your own apartment or $30,000 for a grand total of $34,846 of which $30,000 is what you would pay for a one family rental. This property wont last. No pun intended but MOVE ON IT QUICKLY Give yourself and your family cash free living accommodations for the new year. CALCULATIONS ARE SUBJECT TO CREDIT STANDING & ONES ABILITY 2 MANAGE

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DescriptionInterior & Exterior Features

Interior Features Include:


Total Rooms 18

Heating: Base Board, Hot Water
Source Natural Gas

Basement:
None


Exterior Features Include:

Acreage: 0.0000 Acres

Lot:
Description Level
Waterfront Type Municipal

Garage/Parking:
Parking None

Garage Capacity: 1

Other Features Include:

Water: Municipal

This Listing is Presented By
7180

River Realty Services Inc.

River Realty Services Inc.

Work: 845 564 2800119

Fax: (845) 564-0700

Email: showings@riverrealty.com

      
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