2311 Cerston Ave, Bronx, NY – Exceptional Investment Opportunity
Presenting a rare opportunity to acquire a well-maintained, newly renovated 3-family property located in a prime area of the Bronx. This property features three fully-occupied units, each leased to tenants with Cityfheps vouchers, ensuring a guaranteed income. The tenants pay for their own utilities, further minimizing your expenses.
With a 7.4% cap rate and zoning R8, this investment provides excellent potential for long-term returns. The building's annual expenses are under $11,000, offering an efficient and cost-effective ownership experience. The property also features a finished basement, providing additional storage or potential for other uses.
Key Features:
3 Family Property – Each unit is currently occupied with reliable tenants.
Cityfheps Vouchers – Guaranteed income with tenants paying their own utilities.
Zoning R8 – Offers potential for future development or expansion.
7.4% Cap Rate – Attractive investment return.
Low Annual Expenses – Less than $11,000 for the year.
Finished Basement – Added space for additional storage or other uses.
Newly Renovated – Recently updated with modern finishes.
This property is ideal for investors looking for a hands-off, cash-flowing asset in a growing neighborhood. Please note, the property cannot be delivered vacant.
For more information or to schedule a viewing, including video walkthroughs, contact us today.
Active
$1,150,000
2311 Creston Ave, Bronx, NY 10468
6beds
--sqft
Multi Family
Built in 1901
-- sqft lot
$1,086,100 Zestimate®
$--/sqft
$-- HOA
What's special
- 170 days
- on Zillow |
- 106 |
- 3 |
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