BEDS9
BATHS3 full
MLS#933513
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Finished, Full, Walk-Out Access
Cooling: Wall/Window Unit(s)
Heating: Baseboard, Other
Lot Size: 0.05 Acres
Taxes: $5,166
Year Built: 1901
Amenities
Other
Feature Descriptions
Building Area Total: 2910
Days on Site: 139
Exterior: Brick
Fireplace Features: None
Flooring: Wood
Laundry: Common Area
On Market Date: 2025-11-12
Parcel Number: 03172-0073
Parking Features: None
Parking Total: 0
Property Attached Y/N: 1
Rental Term: Monthly
Seller Concession: Yes
Seller Concession Amount:: 28000.00
Sewer: Public Sewer
Tenant Pays: All Utilities
Units: 3
Utilities: Electricity Connected, Natural Gas Available
Water: Public
Listed By / Shown By
Listing By
Agency Name: Locqube New York, Inc.
Agency Phone: 347-657-1114
Shown By
Agency Title: Coldwell Banker Choice Properties
Agency Phone: 833-88-CHOICE (2-4642)
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Estimated Payment
$ 3,828.76 per month $3,004.51 Principal & Interest $430.50 Property Tax $393.75 Homeowner's InsuranceChange Payment Information
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2308 Morris Avenue | MLS# 933513
This multi-family property located at 2308 Morris Avenue, Bronx, NY 10468 is currently listed for sale with an asking price of $1,349,999. Search Bronx real estate on www.coldwellbankerchoice.com today.