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1120 Wheeler Avenue Unit #BF, Bronx, NY 10472

$479,000
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Sold Price
$479,000
List Price
$479,000
Status
CLOSED
MLS#
H6307975
Closing Date
May 23, 2024
Year Built
1929
Acres
0.06
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(917) 719-1715

Property Description

This home features one 3 bedroom apartment, one 2 bedroom apartment, and two 1 bedroom apartments. 2 of the 4 apartments are rented out. Purchase price of $479k PLUS HPD Assumable Loan of $397k equals $876k. Buyer MUST assume the HPD renovation loan which is $397k (estimated) at 0% interest and is a 2nd lien position.(HPD Loan is not pre-payable) MONTHLY PAYMENTS FOR THAT LOAN ARE $291.30/monthly with a balloon payment at the end of maturity in 2051 for the remainder. Units become rent stabilized once everything is finalized and must follow NYC AMI rental guidelines which equates to market rate rent in this area. Completed Renovations include: Asbestos removal, all new windows in all 4 units, 2 brand new hot water heaters, new parapet and building envelope has been rebuilt, new front and back stairways, new intercom system, new front and back entry doors, brand new roof, new solar panels paid for, major brickwork, skylight replacement, and new roof-cap.

(917) 719-1715
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Additional Information

Taxes
$6,680
Lot Size
2,500
Heating
Natural Gas, Steam
Cooling System Type
Wall/Window Unit(s)
Sewer
Public Sewer
Water Source
Public
Appliances
Gas Water Heater
Elementary School
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Middle School
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High School
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Listing courtesy of Listing Agent: Ceasar Rosas (crosas4234@gmail.com) from Listing Office: eXp Realty.

Listing courtesy of Ceasar Rosas from eXp Realty

Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.