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434 Wales Ave

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434 Wales Ave Bronx New York 10455
  • Beds 9
  • Garage N/A
  • Baths 4
  • sq. ft 2592 sq. ft
$950,000

About This Property

INVESTOR'S DREAM

This renovated, legal three family in Mott haven is primed for it's next owner or investor.

Extraordinarily low monthly taxes of just $190 a month and market rate rentals pulling in $72k/year in income make for a 6.6% capitalization rate here (NOI- $59,270).

This home is situated in Mott Haven, one of NYC's fastest growing communities. All of manhattan's major developers are backing this neighborhood with billion dollar projects bringing 4,000 units of luxury rentals to the area in the next two years. The nightlife and restaurant scene continues to expand their offerings making this an exciting neighborhood for both owners and renters. This house is sure to be a solid investment.

All apartments have natural hardwood floors, sizable kitchens with granite counters, tiled backsplashes and stainless steel appliances. Excellent long term tenants in place, all month to month.

THE LAYOUT:
Apt 1- 2 Bed/ 1 bath- $1650/ mo
Apt 2- 4 bed/ 1.5 bath- $2400/ mo
Apt 3- 3 bed/ 1 bath with skylights- $1950/ mo

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    The Polaris Team