$900,000
Updated 6 years ago
Sold
434 Wales Ave
Mott Haven, Bronx | East 144th Street & East 145th Street
12 Rooms8 Beds3 Baths2,262 Square FeetMulti-Family
$900,000
floors / apts2 / 3
Lot Size27'x100'
Built Size22'x35'
ZoneM1-2
Building TypeHouse
RE Taxes$2,280
Price Per SF
$398
This property was sold for $900,000 on 01/21/21.
Property Description for 434 Wales Ave
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 6.2% 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
Please call for an appointment
Extraordinarily low monthly taxes of just $190 a month and market rate rentals pulling in $72k/year in income make for a 6.2% 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
Please call for an appointment
Building Details for 434 Wales Ave
OwnershipMulti-Family
Building TypeHouse
AgePre-War
AccessWalk-up
Year Built1931
Floors/Apts2/3
Transit and Citi Bike
Subway
E 143 St-St Mary's St
0.07 miles
E 149 St
0.27 miles
Cypress Av
0.43 miles
Jackson Av
0.47 miles
Citi Bike
Wales Ave & E 147 St
0.11 miles
St Mary's St & Jackson Ave
0.15 miles
All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.
OLR ID: 60604TH
Find home. Discover happiness.