2308 Morris AVE new Save Request In-Person Tour Request Virtual Tour
Bronx,NY 10468
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
MLS Listing ID 933513
Bedrooms 9
Full Baths 3
Rental Info No
Year Built 1901
Annual Tax Amount $5,166
Lot Size 2,204 Sqft
Acres 0.0506
Property Sub-Type Triplex
Source onekey2
Property Description
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 can be potentially be delivered vacant at closing, offering versatility for both investors and owner-occupants (currently only one unit is occupied). With a potential net operating income of $110,187 and an asking price of $1,399,999, 2308 Morris Avenue delivers a strong ~7.87% cap rate, combining immediate cash flow with development potential in one of the Bronx's most dynamic and rapidly evolving neighborhoods.
Location
State NY
County Bronx County
Rooms
Basement Finished,Full,Walk-Out Access
Interior
Interior Features Other
Heating Baseboard,Other
Cooling Wall/Window Unit(s)
Flooring Wood
Fireplaces Type None
Fireplace No
Laundry Common Area
Exterior
Parking Features None
Utilities Available Electricity Connected,Natural Gas Available
Garage false
Building
Sewer Public Sewer
Water Public
Structure Type Brick
Others
Senior Community No
Special Listing Condition None
Virtual Tour https://youtube.com/shorts/n0X9RWLd4xE?feature=share