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

    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.
    170 days
    on Zillow
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    106
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    3
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