2308 Morris Ave, Unit The Bronx, NY 10468
Three-unit building in Fordham Heights with development potential.
Lot size:
0.05 AcresProperty Features for 2308 Morris Ave
General Information
- Property type
- Investment
- Standard status
- Active
- Lot size
- 0.05 Acres
Building Details
- Year built
- 1901
Source:
Elliman
Listing Agent: Jeffrie Pena
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
Morris Avenue Triplex Investment
Located in Fordham Heights, near the Little Italy dining district, 2308 Morris Avenue is a three-unit building featuring three 3-bedroom apartments. Each apartment includes hardwood flooring, high vaulted ceilings, and natural light. The updated kitchens feature walnut cabinetry and white appliances, and the bathrooms have bathtubs. Each bedroom has ample closet space. The building has an updated intercom system, security cameras, an on-site laundry room, and storage space available for rent. A common backyard includes a private garden area. Each tenant is responsible for their own utilities. The property also features a finished walk-out basement. With R8 zoning, the property offers future development opportunities. The property is located within walking distance to the Fordham Metro-North Station and the 182nd–183rd Street and Fordham Road B/D train lines, providing access to Manhattan. Nearby destinations include Antonio’s Trattoria, Zero Otto Nove, Roberto’s, Enzo’s, and Gio’s Pastry Shop, the Bronx Zoo, and the New York Botanical Garden. The property can potentially be delivered vacant at closing, and currently only one unit is occupied.
Location Intelligence
Current Use by Public Records
Triplexes
Location Insight
- Map
- Local Demand
- City
- Bronx
- County
- Bronx
- State
- New York
- Longitude
- -73.901281
- Latitude
- 40.858569
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FAQs
What type of property is this?
Triplex - Three-unit building in Fordham Heights with development potential.
Where is this triplex located?
The property is located at 2308 Morris Ave, Unit The Bronx, NY.
What is the asking price?
The asking price for this property is $1,349,999.
What are key features of this property?
This property features: - Strong ~7.87% cap rate with a potential net operating income of $110,187, offering immediate cash flow.; - Potential to be delivered vacant at closing, providing flexibility for investors or owner-occupants.; - Located steps from Little Italy and walking distance to Fordham Metro-North Station and B/D train lines, offering a 30-minute commute to Manhattan.
