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 areaperfect 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 Shopeach 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 will come with one unit delivered vacant at closing, offering versatility for both investors and owner-occupants. With a potential net operating income of $105,374 and an asking price of $1,199,999, 2308 Morris Avenue delivers a strong ~8.8% cap rate, combining immediate cash flow with development potential in one of the Bronx’s most dynamic and rapidly evolving neighborhoods.
Details
| MLS # | 1034221 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1901 |
| Days On Site | 24 |
| Listing Provided By | Locqube New York, Inc. | Jeffrie Pena |
Features
| Bed(s) | 9 |
|---|---|
| Bath(s) | 3 Total |
| SQ Feet | 2,910 |
| Basement | Y |
| Units | 3 |
| Acreage | 0.05 |
Interior
| Cooling | Wall/Window Unit(s) |
|---|---|
| Heating | Baseboard, Other |
| Interior Features | Other |
Exterior
| Construction Materials | Brick |
|---|
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | None |
Utilities
| Utilities | Electricity Connected, Natural Gas Available |
|---|---|
| Sewer | Public Sewer |
Taxes
| Tax Year | 2025 |
|---|---|
| Tax Assessed Value | 53100 |
| Tax Annual Amount | 5410 |
Area Information
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10468 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10468) | |
Price: $1,199,999 low | high Med: $220,000 sqft: 2,910 low | high Med: 956 $ / sqft: $412 low | high Med: $230 On site: 24 low | high Med: 885 | |
Market Activity 10468
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Learn More About This Property
| State | NY |
|---|---|
| County | Bronx County |
| City | Bronx |
| Zip Code | 10468 |
| School District | Contact Agent |
| Elementary School | Contact Agent |
| High School | Contact Agent |
| Listing VS Median (in 10468) | |
Price: $1,199,999 low | high Med: $220,000 sqft: 2,910 low | high Med: 956 $ / sqft: $412 low | high Med: $230 On site: 24 low | high Med: 885 | |
 | $1,150,0002311 Creston AvenueBronx, NY 10468 |