Buy with Yoreevo
$1,375,499
List Price: $1,399,999
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2308 Morris Avenue
Apartment in Fordham •  building info
9bd • 3ba • 2,203ft² $635 per ft²
Buy with Yoreevo

$1,375,499

List Price

$1,399,999

Key Details
Days on market
37
Last price change
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Estimated payment
$7,758/mo
Taxes
N/A
Maintenance
N/A
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 area—perfect 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 Shop—each 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 can be potentially be delivered vacant at closing, offering versatility for both investors and owner-occupants (currently only one unit is occupied). With a potential net operating income of $110,187 and an asking price of $1,399,999, 2308 Morris Avenue delivers a strong ~7.87% cap rate, combining immediate cash flow with development potential in one of the Bronx’s most dynamic and rapidly evolving neighborhoods.

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Home features
Hardwood floors
Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,399,000
Asking Price: $1,399,999
Term
30 Years
Down Payment
$139,000 (10%)
Min: 10% (139,000)
Rate
6.25 %
Mortgage Amount
$1,259,999
Mortgage Payment
$7,758
Estimated Yoreevo rebate
$24,500
Estimated closing cost
$21,000
Total monthly cost $7,758
Buy your dream home with us and get an estimated $24,500 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Locqube New York Inc.

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