$1,199,999
2308 Morris Ave
Bronx, NY 10468
This 9-bedroom multi-family property is located in Bronx, NY. It was built in 1901 and is currently active.
About this home
Welcome to 2308 Morris Avenue, a beautifully maintained three-unit building located in the heart of Fordham Heights, just steps from the vibrant Little Italy dining district of the Bronx. This exceptional property features three spacious 3-bedroom apartments, each thoughtfully designed with hardwood flooring, high vaulted ceilings, and abundant natural light. Every unit offers updated kitchens with walnut cabinetry and white appliances, spacious bathrooms with bathtubs, and ample closet space in each bedroom. The building also includes an updated intercom system, security cameras throughout, an on-site laundry room, additional storage space available for rent, and a serene common backyard with a private garden area-perfect for relaxing or entertaining. Each tenant pays for their own utilities, ensuring a low-maintenance, high-efficiency investment. The property also includes a finished walk-out basement, offering flexible use options or additional income potential. With R8 zoning, the property presents valuable future development opportunities, making it ideal for investors or end-users looking to maximize long-term value. Perfectly situated, 2308 Morris Avenue is surrounded by some of the Bronx's most beloved destinations. It's within walking distance to the Fordham Metro-North Station and the 182nd-183rd Street and Fordham Road B/D train lines, providing a seamless 30-minute commute to Manhattan. Nearby, you'll find an abundance of local conveniences and culinary favorites in Little Italy, including Antonio's Trattoria, Zero Otto Nove, Roberto's, Enzo's, and Gio's Pastry Shop-each offering a taste of authentic Bronx charm. Outdoor landmarks such as the Bronx Zoo and New York Botanical Garden are also just minutes away, adding to the area's unique appeal. This property will come with one unit delivered vacant at closing, offering versatility for both investors and owner-occupants. With a potential net operating income of $105,374 and an asking price of $1,199,999, 2308 Morris Avenue delivers a strong ~8.8% cap rate, combining immediate cash flow with development potential in one of the Bronx's most dynamic and rapidly evolving neighborhoods.
Facts & details
- Property type
- Multi-Family
- Year built
- 1901
- Status
- Active
- Bedrooms
- 9
- Bathrooms
- 3
- Lot size
- 2,204 sq ft
Location
Jeffrie Pena
Brokerage on file
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Estimated affordability
- Principal & interest
- $6,068
- Property tax
- $1,200
- Homeowners insurance
- $350.00
- Total monthly estimate
- $7,618
Estimate only — not a loan offer. Actual payment depends on your credit, lender, and local tax rates.