$950,000
$1,100,000
13.6%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
3 Baths
3,280 SqFt
SOLD DATE : 06/10/2025
Key Details
Sold Price $950,000
Property Type Townhouse
Sub Type Townhouse
Listing Status Sold
Purchase Type For Sale
Square Footage 3,280 sqft
Price per Sqft $289
MLS Listing ID 833522
Style Other
Bedrooms 8
Full Baths 3
Year Built 1899
Annual Tax Amount $4,836
Lot Size 1,999 Sqft
Property Sub-Type Townhouse
Property Description
Presenting a fantastic investment opportunity at 1991 Morris Ave, a spacious three-family property offering a total building size of 3,280 sqft. Located in a prime area, this property consists of three well-maintained units, providing both comfort and income potential.
Unit Breakdown:
First and Second Floors: Each unit features 3 generous bedrooms, providing ample space for families or tenants seeking comfortable living arrangements.
Walk-In Unit (Ground Floor): A cozy 2-bedroom unit, perfect for tenants who prefer easy access and convenience.
Income Potential: This multi-family home is currently generating a monthly rental income of $7,795, making it an excellent source of steady cash flow. Whether you are looking to live in one unit and rent out the others, or prefer a fully income-generating property, 1991 Morris Ave offers incredible value.
Key Features:
Total Building Size: 3,280 sqft
Three units: 2 units with 3 bedrooms and 1 walk-in unit with 2 bedrooms
Current Monthly Rental Income: $7,795
Ideal for investors or owner-occupiers
This property is not only a great addition to any real estate portfolio but also offers a prime location with easy access to nearby amenities, schools, and transportation.
Location
State NY
County Bronx County
Interior
Heating Other
Cooling Wall/Window Unit(s)
Exterior
Utilities Available See Remarks
Building
Foundation Other
Sewer Public Sewer
Water Public
Structure Type Other
Schools
Elementary Schools Grant Avenue Elementary School
Middle Schools Bronx Writing Academy
High Schools Bronx 9
School District Bronx 9
Others
Special Listing Condition None
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Bought with 5 Boro Realty Corp