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Discover an exceptional investment opportunity in the Wakefield section of the Bronx with this well maintained TWO-FAMILY HOME offering strong rental potential and modern comfort throughout. This property features three distinct units: a spacious three-bedroom, one-bath apartment; a well-proportioned two-bedroom, one-bath unit; and a one-bedroom, one-bath apartment that includes bonus finished basement space with its own private side entrance—perfect for additional personal use or extended living options. The home has been tastefully updated with well maintained kitchens and baths, upgraded flooring, refreshed mechanicals, and clean, move-in-ready finishes throughout. This listing is being sold with two units delivered vacant, making it ideal for an owner-occupier or investor looking to set their own rents, while the one-bedroom unit is currently occupied by a reliable, paying tenant who is willing to stay, providing immediate cash flow. Located in one of the Bronx’s most commuter-friendly neighborhoods, the property offers excellent access to public transportation. You’re close to the Wakefield–241st Street station and Nereid Avenue station, both on the 2 train, giving you a direct route into Manhattan. The Metro-North Harlem Line at Wakefield Station adds another convenient travel option with quick service into Midtown. Major highways are just minutes away, making it easy to reach Manhattan, Queens, and surrounding areas. Wakefield offers a suburban feel within city limits, with nearby parks, schools, shops, and essential amenities all within reach. Whether you're looking to invest, generate multiple income streams, or live in one unit while collecting rent from the others, this renovated three-family property delivers unmatched value, convenience, and long-term potential.
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$899,999
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Senior Vice President - Coaching & Strategic
William Raveis Mortgage, LLC
Phone: 203.980.8025
Frank.Kolb@raveis.com
NMLS Mortgage Loan Originator ID 81725
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5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
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|---|---|---|---|
| Loan Amount | $719,999 | $719,999 | $719,999 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.625% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.121% | 5.885% |
| Monthly Tax Payment | $530 | $530 | $530 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,976 | $4,317 | $5,931 |
| Total Monthly Payment | $4,598 | $4,939 | $6,553 |
* The Initial Interest Rate and Initial Principal & Interest Payment are fixed for the first 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.
The rates and Annual Percentage Rate (APR) cited above may be only samples for the purpose of calculating payments and are based upon the following assumptions: minimum credit score of 740, 20% down payment (e.g. $20,000 down on a $100,000 purchase price), $1,950 in finance charges, and 30 days prepaid interest, 1 point, 30 day rate lock. The rates and APR will vary depending upon your unique credit history and the terms of your loan, e.g. the actual down payment percentages, points and fees for your transaction. Property taxes and homeowner's insurance are estimates and subject to change.