1047 Morris AVE, Bronx, NY 10456
1047 Morris AVE, Bronx, NY 10456
1047 Morris AVE, Bronx, NY 10456
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$1,999,999
Est. payment /mo
2,552 Sqft Lot

UPDATED:

Key Details

Property Type Other Types

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Subdivision Morrisania

MLS Listing ID 1072553

Rental Info No

Year Built 1905

Annual Tax Amount $8,195

Lot Size 2,552 Sqft

Acres 0.0586

Property Sub-Type Multi Family

Source onekey2

Property Description

Introducing 1047 Morris Avenue, a newly renovated brick six-family townhouse offered at $1,999,999. It combines modern finishes, high in-place income, and future upside in the fast-growing Concourse Village corridor. With approximately $180K in gross income and an estimated $145K NOI, the property delivers a ~7.2% cap rate. That makes it a compelling opportunity for investors seeking a high-quality, free-market asset at roughly $333K per door.

Inside, each residence has custom finishes and a thoughtful layout: flint-grey cabinetry, stone breakfast bars, stainless steel appliances, and hardwood flooring throughout. Spacious living rooms open onto the kitchens, which is ideal for entertaining, and well-placed powder rooms add convenience. Bedrooms easily fit full furniture sets, and each unit has wall units for efficient heating and cooling.

The six-family configuration includes:

Two 2-bedroom / 1-bath units
Three 1-bedroom units
One studio apartment with ground-floor access

The building also has parking for two vehicles, common laundry, a security camera system, and pet-friendly policies. Tenants pay their own utilities.

For long-term value, the property is zoned R7-1, which allows approximately 3,498 additional buildable square feet. That is a meaningful development or expansion opportunity.

The building sits in the Concourse section of the Bronx, moments from playgrounds, supermarkets, restaurants, schools and extensive transit (4, B, D trains plus the Bx32, Bx19, Bx21, Bx33 and M125). Quick access to major roadways and the George Washington Bridge makes commuting easy.

Whether you're an investor seeking strong income with upside or an owner looking for a modern, turnkey asset, 1047 Morris Avenue stands out as a premier opportunity in Concourse Village.

Location

State NY

County Bronx County

Interior

Heating Forced Air

Cooling Wall/Window Unit(s)

Fireplace No

Appliance Dishwasher, Gas Oven, Gas Range, Microwave, Refrigerator, Stainless Steel Appliance(s)

Exterior

Parking Features Driveway

Utilities Available Electricity Available, Natural Gas Available

Total Parking Spaces 2

Building

Sewer Public Sewer

Water Public

Structure Type Brick

Schools

High Schools Contact Agent

School District Contact Agent

Others

Special Listing Condition None

Virtual Tour https://youtube.com/shorts/VhNktlR8Q4Q


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OneKey MLS/ Hudson Gateway (HGAR)/ Long Island MLS (MLSLI)/ Mid Hudson MLS
Listed by Locqube New York, Inc. • Jeffrie Pena

NEARBY SCHOOL & BUSINESS

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Randy Reis

Randy Reis

+1(917) 336-1118

Team Leader License ID: 40RE1176716

Team Leader License ID: 40RE1176716

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