Tuesday, October 6, 2009

Listing of the Day: Corcoran 3-Family

182 E. 206th Street, 3 Family with 5 Bedrooms - $439,000

While the real estate market has been imploding, Corcoran has apparently quietly been snapping up listings here in the BoogieDown. We usually do not frequently
check their site for Listings of the Day because other than a few brownstones in hipster Mott Haven (and of course Riverdale), we don't usually see Corcoran list many properties in the Bronx.

Until now, that is. A quick search on Corcoran's site turned up properties in the Parkchester, Pelham Parkway, Williamsbridge, University Heights (Fordham Hill Oval, to be precise) and Longwood areas. Fancy!

Bedford Park is also represented, with this interesting 3 story 3 family investment property on E. 206th Street sandwiched between the Grand Concourse and Mosholu Parkway. What the place lacks in charm can easily be made up for in the potential for rental income. The property is currently set up as two separate floors of two bedroom apartments and another floor with a one bedroom apartment. Each unit has one bathroom and a nice balcony. At $439,000 this is a pretty nice deal for someone looking to become a landlord but not wanting to have to renovate a large single family property.

For mass transit, you'll probably be taking the 4 train from Mosholu Parkway, which is about a five minute walk. You're also not too far from the Botanical Garden stop of the Metro-North. If you've got a car, you're conveniently located not too far from the Major Deegan, Henry Hudson, Saw Mill, and Bronx River.



No comments: