1104 Forest Avenue

Morrisania   |   East 166th Street & Home Street

Price Drop
Building for sale
$ 975,000 [ 7.14% | $ 75,000 ]
Ownership Multi-Family
Lot Size 20'x142'
Floors/Apts 3/3
Status Active
Real Estate Taxes [Per Annum] $ 7,482
Building Type Townhouse
Building Size 20'x65'
Year Built 2003
ASF/ASM 3,912/363
Listing ID: 79376TH

Property Description

1104 Forest Avenue is a beautifully upgraded 3 family home in the Southwest Bronx. Numerous developments are happening throughout the area with more than a 60% uptick in new Certificate of Occupancies issued, so this presents a tremendous opportunity to purchase a move-in ready income-producing 3 family home.

The setup: 3 bed 2 baths over a 3 bed 2 baths over a 2 bed 1 bath. Private garage, a back porch with an extra deep 77 ft lot that allows for hosting, relaxing, and even escaping the hustle and bustle of living in a city. The building is 20 ft wide and 65 ft deep with nearly 4,000 sq ft, so there's ample space and storage throughout. The building is south facing allowing for maximum sunlight to beam through. Hardwood floors, stainless steel appliances, granite countertops, master bedrooms with private bathrooms, and access to the back yard from two units. It's a quiet street and mostly occupied by homeowners.

Rather you're an investor wanting to capture the appreciation happening in the South Bronx or a future home-owner, 1104 Forest Ave pays for itself. The bottom two units will be delivered vacant and the top unit rented at market value ($2,500) to an excellent on-time paying tenant hoping to renew her lease.
1104 Forest Avenue is a beautifully upgraded 3 family home in the Southwest Bronx. Numerous developments are happening throughout the area with more than a 60% uptick in new Certificate of Occupancies issued, so this presents a tremendous opportunity to purchase a move-in ready income-producing 3 family home.

The setup: 3 bed 2 baths over a 3 bed 2 baths over a 2 bed 1 bath. Private garage, a back porch with an extra deep 77 ft lot that allows for hosting, relaxing, and even escaping the hustle and bustle of living in a city. The building is 20 ft wide and 65 ft deep with nearly 4,000 sq ft, so there's ample space and storage throughout. The building is south facing allowing for maximum sunlight to beam through. Hardwood floors, stainless steel appliances, granite countertops, master bedrooms with private bathrooms, and access to the back yard from two units. It's a quiet street and mostly occupied by homeowners.

Rather you're an investor wanting to capture the appreciation happening in the South Bronx or a future home-owner, 1104 Forest Ave pays for itself. The bottom two units will be delivered vacant and the top unit rented at market value ($2,500) to an excellent on-time paying tenant hoping to renew her lease.

Listing Courtesy of BMB Living Inc

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Apartment Features

A/C
Washer / Dryer Hookups
1104 Forest Avenue Morrisania Bronx NY 10456

Building Details [1104 Forest Avenue]

Ownership Multi-Family
Service Level None
Access Walk-up
Block/Lot 2661/161
Building Size 20'x65'
Zoning R6
Building Type Townhouse
Year Built 2003
Floors/Apts 3/3
Lot Size 20'x142'

Building Amenities

Garage

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Loan Amount

Klara Madlin

License

Licensed Real Estate Broker


This information is not verified for authenticity or accuracy and is not guaranteed and may not reflect all real estate activity in the market. ©2020 REBNY Listing Service, Inc. All rights reserved. Additional building data provided by On-Line Residential [OLR].
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.