2 years on rocket

635 Commonwealth Ave, Bronx, NY, 10473

$945,000

Home List Price

$10,000*

Closing Credit

9 Bedrooms
4 Full Baths
3,480 SqFt
$272/SqFt
Multi

Location

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635 Commonwealth Ave, Bronx$945,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeMulti Family
ParkingDetached, 1 Car Detached, Private
Garage1 space
Year Built1940
HeatingOil, Baseboard, Hot Water
CoolingNone
BasementYes
WaterfrontWater Access
MLS #H6216637
Lot Size0.06 Acres
StatusActive
(A)

About 635 Commonwealth Ave

This property is back on the Market as of 8/1/2023. Set your attention and heart on this Large and well kept multi-family house for sale. The huge property is a legal 3 family house. The property rest on a quiet block in the clason point section of the Bronx, 10 min walk from the ferry to Manhattan or the 6 train. The property has been well maintained and it's in good condition. This 3 family consist of: First floor apartment : 2 bedroom, 1 bath. Second floor apartment: 3 bedroom, 2 bath. Third floor apartment: 4 bedroom, 1 bath. The current potential Rent Roll for this property is as follows. 4 br: $4000. 3 br: $3600. 2 br: $2400. ( vacant ) The current Least maximum potential monthly Rent Roll for this property is: $9600 a month. This property currently has a Potential Max income production of at least $9600 -$10,000 a month, according to NY rental prices. This property pays for itself, with immediate profits, and with an annual increase of the total monthly Rent Roll income stated above, due to periodic annual rent increases. The property is semi detached and has a Shared drive way. The 2 bedroom apartment will be delivered vacant, the 3 and 4 bedroom units will be sold with the present tenants. The rent roll has been stated above. This is the best 3 family unit available in the area and We are pricing it fairly to sell at $945,000. Once you get a glimpse of the inside of this well maintained property, you will fall in love. We welcome all qualified buyers and investors to view and submit your best and highest offers. This property was in contract and has been put back on the market as of August 1,2023, this property is in great condition and will require atleast 20 percent down payment if receiving an fha loan to pass self sufficiency test. Because of increasing house prices we will be increasing the price of this property as of April 5, 2024. Now that you have a second opportunity at this great investment property that's in great condition, Call now to secure your ownership at this current price. This Gem will not last on the market long!! Make this exceptionally special house yours.

Property Details

Property Features

Property Information:

  • Year Built: 1940
  • Living Area: 3,480 SqFt

Listing Office:

  • Office Name: YourHomeSold Guaranteed Realty
  • Office Phone: (718) 324-6060

Interior Features

Interior Information:

  • Basement: Yes
  • Interior: Eat-in Kitchen

Bedroom and Bathroom Information:

  • Full Bathrooms: 4
  • Total Bedroom Count: 9

Exterior Features

Exterior Information:

  • Waterfront: Water Access

Parking Information:

  • Garage Space: 1 space
  • Attached Garage: No
  • Parking: Detached, 1 Car Detached, Private

Lot Features

Lot Information:

  • Lot: Near Public Transit
  • Lot Size: 0.06 Acres

Utilities

Utilities Information:

  • Heating: Oil, Baseboard, Hot Water
  • Cooling: None

Price Information

Listing Price Info

Price Summary:

  • List Price: $945,000
  • Price Per SqFt: $272/SqFt
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Housing Market Comparison

See how this home compares to others in Bronx, NY.

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Bronx, NY

City

Med. Sold Price

$589.8K

Med. Price/SqFt

$348

Avg. Days On Market

64

# of Sold Homes

145

635 Commonwealth Ave vs Bronx

764 DAYS ON ROCKET

+700 Days

$945,000

+$355.1K More

$272/SqFt

-$76 Less

KEY TAKEAWAY

This property is $355.1K more than the Median Sold Price and $76/SqFt less than other homes in Bronx, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6216637

Listing Office:

  • Office Name: YourHomeSold Guaranteed Realty
  • Office Phone: (718) 324-6060

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

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.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/21/2024, 4:11:47 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020 - $42,960
2018 - $30,960
2017 - $29,764

History based on county public records data.

Payment Calculator

$4,784

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,900

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-361672
5
/10

  • P.S. 107 Bronx

  • 1695 Seward Ave

  • 0.21 miles

  • Public District Grades KG-5

school-card-donut-361673
4
/10

  • P.S. 69 The New Visions School

  • 560 Thieriot Ave

  • 0.23 miles

  • Public District Grades PK-5

school-card-donut-361674
3
/10

  • P.S. 100 Isaac Clason School

  • 800 Taylor Ave

  • 0.30 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $44,291. Residents of Bronx, NY typically earn between $35k-100k each year. Most families are single, no kids. Residents of this area typically have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Bronx County›Bronx›10473›635 Commonwealth Ave

This home is located at 635 Commonwealth Ave in Bronx, NY and zip code 10473 in the Southeast Bronx neighborhood. This 3,480 square foot home, which was built in 1940, sits on a 0.06 acre lot. Features: 9 bedrooms, 4 bathrooms. It has been listed on Rocket Homes since October 19, 2022 and is currently priced at $945,000.

Over 38 listings were sold over their listed price in October 2024 in Bronx, NY. In the same period over 61 listings were sold below the listed price and 46 listings were sold for the listed price. The inventory of homes for sale in Bronx, NY between September 2024 and October 2024 increased by 2.8%. While the average time on the market in October 2024 was 64 days, the median list price was $589,852.

From Rocket Homes Real Estate and based on county public records data.

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