Bronx, NY, August 08, 2019 --(PR.com)-- LichtensteinRE.com has been retained on an exclusive basis to sell a two building portfolio with 46 apartments in The Bronx. The asking price is $14,020,000.This portfolio consists of two residential properties, one around the corner of each other. One is an elevator building located at 1818 Clay Avenue plus one walk up apartment building located at 265 East 176 street, both in the Mount Hope Section of The Bronx. The two properties are in good condition with architectural ornately details. Both properties have security systems.The buildings contain 46 apartments comprised of seven (7) one bedroom, thirty three (33) two bedroom and six (6) three bedroom apartments. This represents a gross total floor area of 33,158 square feet and 43,322 maximum potential buildable square feet.The buildings are 100% rented averaging $1,588/ month. The properties have some renovated apartments with hardwood floors, new kitchen with new appliances, tiled floors and new bathrooms."These large apartments are rented below market value representing great long term upside potential for the new owner. After he raises the properties' rents, his return on investment will be even greater," Andrew Lichtenstein the exclusive seller's broker said.The ...Full story available on Benzinga.com
