2311 Cerston Ave, Bronx, NY – Exceptional Investment Opportunity
Presenting a rare opportunity to acquire a well-maintained, newly renovated 3-family property located in a prime area of the Bronx. This property features three fully-occupied units, each leased to tenants with Cityfheps vouchers, ensuring a guaranteed income. The tenants pay for their own utilities, further minimizing your expenses.
With a 7.4% cap rate and zoning R8, this investment provides excellent potential for long-term returns. The building's annual expenses are under $11,000, offering an efficient and cost-effective ownership experience. The property also features a finished basement, providing additional storage or potential for other uses.
Key Features:
3 Family Property – Each unit is currently occupied with reliable tenants.
Cityfheps Vouchers – Guaranteed income with tenants paying their own utilities.
Zoning R8 – Offers potential for future development or expansion.
7.4% Cap Rate – Attractive investment return.
Low Annual Expenses – Less than $11,000 for the year.
Finished Basement – Added space for additional storage or other uses.
Newly Renovated – Recently updated with modern finishes.
This property is ideal for investors looking for a hands-off, cash-flowing asset in a growing neighborhood. Please note, the property cannot be delivered vacant.
For more information or to schedule a viewing, including video walkthroughs, contact us today.
Active
Price cut: $45K (4/21)
$1,150,000
2311 Creston Ave, Bronx, NY 10468
6beds
--sqft
Multi Family
Built in 1901
-- sqft lot
$1,153,800 Zestimate®
$--/sqft
$-- HOA
What's special
- 121 days
- on Zillow |
- 130 |
- 9 |
Zillow last checked: 7 hours ago
Listing updated: June 17, 2025 at 11:08am
Listing by:
Real Estate Leonard LLC 917-419-2461,
Zachi Koren
Source: StreetEasy,MLS#: S1756679
Travel times
Tour with a buyer’s agent
Tour with a buyer’s agent
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 6
- Bathrooms: 3
- Full bathrooms: 3
Appliances
- Included: Dishwasher
Features
- Flooring: Hardwood
Interior area
- Total structure area: 0
Property
Details
- Parcel number: 031720036
- Special conditions: Resale
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Condition
- Year built: 1901
Community & HOA
Community
- Subdivision: Fordham
HOA
- Services included: Maintenance
Location
- Region: Bronx
Financial & listing details
- Tax assessed value: $859,000
- Annual tax amount: $4,008
- Date on market: 2/28/2025
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