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713 E 219th Street
Bronx, NY 10467
$1,250,000
Conventional
Property
Bedroom
8
Bathroom
4
Property Type
Conventional
Square ft
3150
Property Description
Today, I'm excited to present to you a remarkable three-family property located at 713 East 219th Street in the vibrant Bronx neighborhood of New York. Situated in a lively community, this property offers a prime location with an array of amenities just moments away. The neighborhood itself is characterized by its friendly atmosphere and a strong sense of community. You'll discover an abundance of local shops, boutiques, and dining options along the bustling White Plains Road, providing convenience at your doorstep. Transportation is a breeze, as this property is in close proximity to the subway, ensuring easy access to all that New York City has to offer. Commuting to work or exploring the city's attractions will be a seamless experience. Nature enthusiasts and those seeking outdoor activities will appreciate the nearby parks, where you can enjoy leisurely strolls, picnics, and recreational opportunities. Additionally, places of worship are conveniently located within the neighborhood, catering to diverse religious affiliations and providing a sense of spiritual fulfillment. Now, let's delve into the property itself. This magnificent three-family residence boasts a total of three individual apartments, each equipped with their own utility units. The advantage of a vacant delivery means you have a blank canvas ready for your personal touch or an opportunity for immediate occupancy. Upon entering the property, you'll be greeted by an inviting atmosphere. The first floor offers a pristine three-bedroom apartment, meticulously maintained and ready for immediate move-in. Furthermore, you'll find an interior entrance to the finished basement, providing you with additional space to entertain guests or fulfill your recreational desires. With 8-foot ceilings, this finished basement is a versatile area that can adapt to your unique needs. Ascending to the second floor, you'll discover another vacant three-bedroom apartment, also in impeccable condition. This blank slate allows you to customize the space to your preferences, making it the perfect opportunity for those seeking a fresh start. On the third floor, you'll find a cozy two-bedroom apartment, ideal for smaller households or as a rental opportunity for added income. This diverse range of unit types caters to both end-users and astute investors alike. Constructed with solid brick, this property exudes durability and offers peace of mind. Moreover, a gate on the left side leads to the backyard, providing a secure and private outdoor space for relaxation and recreation. Additionally, the backyard entrance to the basement allows for convenient accessibility. In conclusion, this three-family property on 713 East 219th Street in the Bronx, New York, presents a remarkable opportunity for discerning buyers. Its prime location near shops, subway stations, parks, and places of worship, combined with the versatility and excellent condition of the individual apartments, make it a highly desirable investment. Whether you're an end-user looking for a spacious and well-maintained home or an investor seeking lucrative rental income, this property is sure to exceed your expectations. Don't miss out on this exceptional opportunity - contact us today to schedule a viewing and make this property yours!
Property Information
Lot Size
-- square ft
Property Type
MultiFamily
Year Built
2008
MLS Number
3485098
Location
Address
713 E 219th Street
City
Bronx
State
NY
Zip Code
10467
County
BRONX (WEST)
Listing
Provider
Keller Williams Landmark II, original listing
Name
Keller Williams Landmark II
Phone
(347) 846-1200
Office Name
Keller Williams Landmark II
Office Phone
(347) 846-1200
Agent Name
Carlos Delgado

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HUD Foreclosures

HUD foreclosures and VA Foreclosures are some of the best homes to buy when price is part of the equation. As with most Americans, price is always a concern. If not buying the same house for less, why not buy more house for the same dollar invested? When looking for a good deal it is hard to do better than the VA or HUD foreclosures market. The simple truth is that there are just more VA and HUD homes on the market, as they represent such a large number of mortgages that are generated each year. This translates into more foreclosures just by the magnitude of difference between all others comparing to the two largest. The two largest also being government owned and operated means that they have less time to wait to make money back on the home. The FHA is especially known for selling HUD homes for less than the average sales price in a given area. FHA foreclosures represent a fraction of HUD but they are still a significant number of homes and both should be considered. VA (Veterans Administration) and HUD (Housing and Urban Development) have different and unique opportunities for the buyer. Both are often forgiven for the local taxes normally associated with the purchase of a home (this is on a county by county basis). Be sure to ask the local title company or escrow company to look into it for you before closing as this is often missed due to their are not used to dealing with the 2 to 3 percent of the market that VA and HUD foreclosures represent.

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Foreclosure Listings Increasing

As the market settled after the mortgage meltdown foreclosure listings also settled and fewer homes were on the market with a placard reading “Bank Foreclosure” in big red lettering. This was a good thing for the entire real estate market. Having an abundance of foreclosures brings the entire market down and it makes it harder for home owners, who would like to move, to get the appropriate price for their home as a similar home down the same street was sold for substantially less and the appraiser is using the foreclosure as a comparable sale. This is just one of the problems when there are too many foreclosure listings in any area. Another issue is the television set that sits in everyone’s living room harping about the price of homes based on the number of foreclosures and this constant barrage of negative information makes most people sit on the sidelines waiting for the market to either implode completely or to correct itself. Meanwhile while they wait, others are buying foreclosure listings and making great investments. Whatever the reason, a market can only handle so many foreclosure listings at any given time. The more foreclosures, the lower the market gets and this is a lesson the banks that were foreclosing and selling off realized too late. The market and their investments would have been better off if there had not been a rush to divest themselves of the toxic assets made more toxic by their own actions.