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1352 Prospect Avenue, Bronx, NY, 10459 | $1,000,000
Timeless Two-Family Duplex Treasure – May Qualify for The City of Yes Program for renovations - The Duplex maybe able to be converted into Two Family making it a Three Family under NY Duplex Conversion Law and The Bronx Metro-North Area Plan that was approved August, 2024 to help enhance the community making this a Income Opportunity for Investors and Traditional Home Buyers looking to offset their mortgage payments. This gem awaits you. Welcome home to this **spacious two-family duplex**, a rare find that blends **historic charm with modern potential!** Whether you're looking for a place to call home while earning rental income or seeking the **perfect investment opportunity**, this property is the one you've been waiting for! Property Highlights: Two-Family Duplex** – Live in one unit & rent the other OR maximize rental income! **Lower Unit: ** 3 bedrooms, 1 bath – Potential rent: **$3, 300–$3, 600/month** (*$39K+ annual income!*) **Upper Duplex: ** 6-7 bedrooms, 2 baths – Potential rent: **$3, 935–$4, 100/month** (*$47K+ annual income!*) **Total Potential Rental Income: $86K+ annually! ??** **Super Low Taxes!** A dream for homeowners & investors alike. **Classic Appeal & Rich History** – Stunning **wood paneling, detailing & timeless charm. ** **Gleaming Wood Flooring** throughout. **New Roof & New Hot Water Heater** – Big-ticket updates already done! **Unfinished Cellar with Separate Entrance** – So many possibilities! **Attic for Extra Storage** – Perfect for seasonal items & more. **Private Backyard** – A cozy outdoor escape! **Cable Ready & Move-in Friendly** – Just add your personal touch. **Close to Everything** – **Schools, hospitals, shopping, public transit & major highways!** **Air rights for investors looking to go up** **No C. O. - Certificate of Occupancy - which means with a Letter of No Objection you can possible change this property from a two family into three family. The Possibilities Are Endless This **versatile home** is perfect for a **large family needing extra space** or an investor looking for **high rental income** in a sought-after area. With just a little TLC(cosmetic) this beauty can shine even brighter! Property is being Sold As-Is. **Don't Miss Out – Schedule Your Showing Today!** A home like this won't last long!
Features
- Bedrooms: 10
- Baths: 3 full
- Style: Other
- Year Built: 1901
- Heating: Forced Air
- Cooling: None
- Acreage: 0.06
- Est. Taxes: $2,614
- Lot Desc: Back Yard, Near Public Transit
- Elem. School: Ps 134 George F Bristow
- Middle School: Bronx Career And College Prep Hs
- School District: Community District 12
- MLS#: 818801
- Days on Market: 53 days
- Website: https://www.raveis.com
/eprop/818801/1352prospectavenue_bronx_ny?source=qrflyer
William Raveis Family of Services
Our family of companies partner in delivering quality services in a one-stop-shopping environment. Together, we integrate the most comprehensive real estate, mortgage and insurance services available to fulfill your specific real estate needs.
Customer Service
888.699.8876
Contact@raveis.com
Our family of companies offer our clients a new level of full-service real estate. We shall:
- Market your home to realize a quick sale at the best possible price
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- Give you the full resources and strength of William Raveis Real Estate, Mortgage & Insurance and our cutting-edge technology
To learn more about our credentials, visit raveis.com today.
Sarah DeFlorioVP, Mortgage Banker, William Raveis Mortgage, LLC
NMLS Mortgage Loan Originator ID 1880936
347.223.0992
Sarah.DeFlorio@Raveis.com
Our Executive Mortgage Banker:
- Is available to meet with you in our office, your home or office, evenings or weekends
- Offers you pre-approval in minutes!
- Provides a guaranteed closing date that meets your needs
- Has access to hundreds of loan programs, all at competitive rates
- Is in constant contact with a full processing, underwriting, and closing staff to ensure an efficient transaction
Robert ReadeRegional SVP Insurance Sales, William Raveis Insurance
860.690.5052
Robert.Reade@raveis.com
Our Insurance Division:
- Will Provide a home insurance quote within 24 hours
- Offers full-service coverage such as Homeowner's, Auto, Life, Renter's, Flood and Valuable Items
- Partners with major insurance companies including Chubb, Kemper Unitrin, The Hartford, Progressive,
Encompass, Travelers, Fireman's Fund, Middleoak Mutual, One Beacon and American Reliable
1352 Prospect Avenue, Bronx, NY, 10459
$1,000,000
Customer Service
William Raveis Real Estate
Phone: 888.699.8876
Contact@raveis.com
Sarah DeFlorio
VP, Mortgage Banker
William Raveis Mortgage, LLC
Phone: 347.223.0992
Sarah.DeFlorio@Raveis.com
NMLS Mortgage Loan Originator ID 1880936
|
5/6 (30 Yr) Adjustable Rate Jumbo* |
30 Year Fixed-Rate Jumbo |
15 Year Fixed-Rate Jumbo |
|
|---|---|---|---|
| Loan Amount | $800,000 | $800,000 | $800,000 |
| Term | 360 months | 360 months | 180 months |
| Initial Interest Rate** | 5.500% | 6.625% | 6.000% |
| Interest Rate based on Index + Margin | 8.125% | ||
| Annual Percentage Rate | 6.614% | 6.727% | 6.183% |
| Monthly Tax Payment | $218 | $218 | $218 |
| H/O Insurance Payment | TBD | TBD | TBD |
| Initial Principal & Interest Pmt | $4,542 | $5,122 | $6,751 |
| Total Monthly Payment | $4,852 | $5,340 | $6,969 |
* 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.
William Raveis Mortgage, LLC, NMLS ID 2630, 7 Trap Falls Road, Shelton, CT 06484
NY Licensed Mortgage Banker-NYS Banking Department LMBC 106535