2311 Creston Avenue, Bronx, NY 10468
- $1,150,000
- 6
- BD
- 3
- BA
- List Price
- $1,150,000
- Price Change
- ▼ $25,000 1778303980
- Days on Market
- 129
- MLS#
- 976499
- Status
- ACTIVE
- Bedrooms
- 6
- Bathrooms
- 3
- Lot Size
- 2207
Property Description
Zoned R8, can be delivered vacant! Currently 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. A turnkey investment in a highly accessible and desirable Bronx location.
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Additional Information
- Year Built
- 1901
- School District
- Contact Agent
- Taxes Total
- 4086
- Heating
- Natural Gas
- Parking
- On Street
- Basement
- Full, Storage Space
- Water
- Public
- Sewer
- Public Sewer
- Taxes
- $4,086
Mortgage Calculator
Listing courtesy of Listing Agent: Shpresa Camaj (shpresa@soldbyshpresa.com) from Listing Office: Real Broker NY LLC.
Listings courtesy of OneKey® MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID as of . All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.