Outstanding Investment Opportunity!
Presenting a high income, turn-key income property offering immediate and reliable cash flow. This fully leased asset features a generous 4-bedroom unit generating $4200 per month and a well-maintained 3-bedroom unit earning $3,800 per month. The property presents a great value-add opportunity with the possibility of legally converting the existing two-family layout into a three-family configuration, adding to overall revenue.
With all units occupied, investors can benefit from instant rental income without the downtime or expense associated with vacancy turnover. With dependable performance, low operational demands, and compelling long-term growth potential, this property serves as a valuable addition to any real estate portfolio.
732 E 223RD Street, Bronx, (Wakefield), NY, 10466
The rates and annual percentage rate (APR) displayed are based upon the following assumptions: a 20% down payment (e.g. $20,000 down on a $100,000 purchase price), conforming loan amount, $1,950 in finance charges, 30 days prepaid interest, 1 point, 30 day rate lock. The rates and annual percentage rate (APR) will vary depending upon the actual down payment percentages, points and fees for your transaction. Rates and the margin for adjustable rate mortgages [if applicable] are subject to change without prior notice and may vary with your unique credit history, and terms of your loan. The rates displayed vary by property state, may change or not be available at commitment or closing or may be subject to product restrictions.
The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first five years (for a 5/6 ARM) or seven years (for a 7/6 ARM) and adjust every six months thereafter for the remainder of the loan term. The Interest Rate and annual percentage rate may increase after consummation. The Index for this product is the SOFR. The margin for this adjustable rate mortgage may vary with your unique credit history, and terms of your loan. Mortgage Rates are subject to change, loan amount and product restrictions and may not be available for your specific transaction at commitment or closing. Rates, and the margin for adjustable -rate mortgages [if applicable], are subject to change without prior notice.
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