Buy with Yoreevo
$1,154,437
List Price: $1,175,000
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2311 Creston Avenue
House in Fordham •  building info
6bd • 3ba • 2,207ft² $532 per ft²
Buy with Yoreevo

$1,154,437

List Price

$1,175,000

Key Details
Listed today
Last price change
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Estimated payment
$6,681/mo
Taxes
$341/mo
Maintenance
N/A
Description
Introducing 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. Zoned R8, the property also offers long term upside potential for future development or expansion. A turnkey investment in a highly accessible and desirable Bronx location.

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Building amenities
Services and facilities
Parking Available
Building info

History
What it'll cost
Purchase price
$1,175,000
Asking Price: $1,175,000
Term
30 Years
Down Payment
$117,000 (10%)
Min: 10% (117,000)
Rate
6.0 %
Mortgage Amount
$1,057,500
Mortgage Payment
$6,340
Taxes
$341
Estimated Yoreevo rebate
$20,563
Estimated closing cost
$44,000
Total monthly cost $6,681
Buy your dream home with us and get an estimated $20,563 rebate.
Rebates vary by sale price, market and are subject
to a minimum commission.
Listing Courtesy of Real Broker NY

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