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Nestled in the highly sought-after Woodlawn Heights section of the Bronx, just 20 minutes north of Manhattan, this classic legal 2-family brick residence offers the perfect combination of timeless character, income potential, and commuter convenience. Featuring two spacious apartments comprised of a 3-bedroom unit and a 2-bedroom unit, each residence boasts its own private balcony—ideal for relaxing summer evenings and enjoying the neighborhood's charming residential setting. Rich in pre-war craftsmanship and old-world elegance, this sun-drenched home showcases soaring ceilings, original hardwood flooring, classic architectural details, oversized rooms, and beautifully preserved woodwork that evoke the charm of a bygone era. With a little vision and updating, this property presents an outstanding opportunity to enhance value, maximize rental income, and create a truly exceptional investment. The finished lower level provides tremendous flexibility with additional living space, a full bathroom, laundry area, abundant storage, and utility room. Whether you're an investor seeking strong upside potential or an owner-occupant looking to offset your mortgage with rental income, this property delivers unmatched versatility. The spacious backyard offers the perfect setting for entertaining, gardening, or simply unwinding outdoors. Ideally located just moments from Metro-North, local buses, shopping, restaurants, Van Cortlandt Park, and major parkways, this is truly a commuter's dream with easy access to Manhattan and beyond. With exceptionally low taxes, strong rental potential, and a prime Bronx location, this is a rare opportunity to own a property that seamlessly blends affordability, convenience, and long-term value. A true Woodlawn Heights gem not to be missed!!!
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Our Executive Mortgage Banker:
$850,000
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 | $680,000 | $680,000 | $680,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.250% | 6.000% | 5.750% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.069% | 6.110% | 5.932% |
| Monthly Tax Payment | $686 | $686 | $686 |
| H/O Insurance Payment | $92 | $92 | $92 |
| Initial Principal & Interest Pmt | $3,755 | $4,077 | $5,647 |
| Total Monthly Payment | $4,533 | $4,855 | $6,425 |
* 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.