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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.

Features
Heating System:
Other, Baseboard
Cooling System:
Wall/window Unit(s)
Basement:
Finished, Full, Walk-out Access
Fireplace Features:
No
Flooring:
Wood
Interior Features:
Other
Laundry Features:
Common Area
Parking Features:
No
Sewer:
Public Sewer
Utilities:
Natural Gas Available, Electricity Connected
Address Map
City:
NY
State:
NY
County:
Bronx County
Property and Construction
Development Status:
Brick
Agent MlsId:
31362
Office MlsId:
LOCQUB
Number Of Units:
3
Special Listing Conditions:
No
Tax Annual Amount:
$5,167
Water Source:
Public
PhotosCount:
41

Residential Income For Sale

2308 Morris Avenue, New York, NY

9 Bedrooms
3 Bathrooms
$1,399,999
Listing ID #933513
Basic Details
Property Type :
Residential Income
Property SubType :
Triplex
Listing ID :
933513
Price :
$1,399,999
Bedrooms :
9
Bathrooms :
3
Bathrooms Total :
3
Building Area :
2,910 Sqft
Year Built :
1901
Status :
Active
Status :
Active
Listing Office :
Locqube New York, Inc.
Listing Agent :
Jeffrie Pena
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
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