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Multi Family 2-4 in Bronx County
MLS Number976499
Address2311 Creston Avenue, Bronx, NY 10468 show map
Price$1,175,000 show mortgage calculator
Acres0.050665748393021
Year Built1901
Est. Sq. Footage0
Elementary School
Jr High-Middle School
High School
Estimated Taxes$4,087
Total Apt Units3
Total Bedrooms6
# 2 Brs3
Remarks

Introducing a fully occupied three family investment opportunity in the heart of Fordham Heights, offering immediate cash flow in a prime Bronx location just one block from the 182nd Street Grand Concourse subway station. This well maintained and recently fully renovated property features three spacious two bedroom, one bathroom apartments, each currently rented at $2,762 per month. All units are occupied with tenants in place, providing consistent income from day one. Tenants are responsible for all utilities, contributing to low operating expenses and strong overall performance. The property also includes a full basement with utility access, offering additional functional space and flexibility. Annual expenses remain low, with taxes at $4,087, water at $2,000, and common electric at $900, further enhancing the investment appeal. With a 7.4% cap rate, this is an ideal opportunity for investors seeking a stabilized, income producing asset in a high demand rental market. Zoned R8, the property also offers long term upside potential for future development or expansion. A turnkey investment in a highly accessible and desirable Bronx location.

Amenities

This listing is Courtesy of Real Broker NY LLC (855-450-0442).

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