This five bedroom home in Woodlawn looks a tad outdated (hello drop ceilings and mustard yellow carpet), but certainly well maintained. Aside from having a whopping 5 bedrooms and a really cute enclosed sun porch, this place actually has a basement with its own entrance... they describe the basement as "full" (i.e. most likely unfinished), but it certainly presents itself as a great upgrade project for real estate hunters who'd like to have some rental income.
This listing has come down $20,000 since July, so me thinks the sellers are pretty motivated. So if you get lucky with a lowball offer, you could find yourself grabbing a nice, big house in a great hood for somewhere in the low $400,000s + the possibility of rental income. Not bad... And the added benefit of being able to grab a Guiness over at Rambling House with Cousin Tommy is simply priceless.
Here's the Woodlawn spiel (again) for the uninitiated:
Woodlawn is a very unique neighborhood in the Bronx. It is an Irish enclave that has enough bars and pubs to make even Galway jealous. Our favorites are Rory Dolan's (technically in Yonkers) on McLean Avenue and the Rambling House on Katonah Ave (funny story about the Rambling House and my daughter's baptism, but that's one to be told over a pint). The shepherd's pie and other Irish specialties are can't misses. The people in Woodlawn are super-friendly (hey, a lot of them are happy drunks, I guess). Obviously St. Patty's Day is not to missed up here.
You'd have some shopping up and down Katonah and McLean Avenues.
From this side of the hood you'd be able to access easily the Woodlawn Metro-North stop for a quick commute to Manhattan. Otherwise, it's a bus to the 4 train on the other side of the cemetery.