2311 Creston Avenue, Bronx, NY 10468

• 6 beds |
• 3 baths |
• 2,232 sqft

Property 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.

Listing Status:

Active

Data Last Updated:

March 25, 2026 at 8:20PM

Listing Office:

Real Broker NY LLC : 855-450-0442

MLS ID:

976499

Interior

• General: Open FloorplanStorage
• Basement: FullStorage Space
• A/C: Wall/Window Unit(s)
• Heating: Natural Gas

Exterior

• Parking: On Street

Location

• Originating MLS: onekey2
• School District: Bronx
• County: Bronx County

Lot

• Zoning: 03172-0036

Utilities

• Utilities: Electricity ConnectedNatural Gas ConnectedSewer ConnectedTrash Collection PublicWater Connected
• Water: Public
• Sewer: Public Sewer

Financial

• Source: onekey2