Mary Alice Ruppert
Licensed Associate Real Estate Broker, Career and Business Development Leader
REALTOR®, ABR, AHWD, C2EX, CRB, ePro, GRI, SFR, SRES
BEDS6
BATHS3 full
MLS#976499
STATUSActive
PROPERTY TYPEMulti Unit - Multiple
SCHOOLBronx
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.
Property Features
Property Type: Multi Unit - Multiple
Basement: Yes
Basement: Full, Storage Space
Cooling: Wall/Window Unit(s)
Heating: Natural Gas
Lot Size: 0.05 Acres
Taxes: $4,086
Year Built: 1901
Amenities
Open Floorplan
Storage
Feature Descriptions
Building Area Total: 2232
Days on Site: 2
Exterior: Brick
Heating Units: 3
Heating Zones: 3
On Market Date: 2026-03-25
Other Expense: 900
Parcel Number: 03172-0036
Parking Features: On Street
Property Attached Y/N: 1
Rental Term: Monthly
Separate Electric Meters: 4
Separate Gas Meters: 3
Sewer: Public Sewer
Units: 3
Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Trash Collection Public, Water Connected
Water: Public
Local Schools
School District: Bronx
Listed By / Shown By
Listing By
Agency Name: Real Broker NY LLC
Agency Contact: 855-450-0442
Shown By
Agent Name: Mary Alice Ruppert
Agent Phone: Cell: (631) 424-4639
Agency Title: Howard Hanna | Coach Realtors
Estimate Your Payment
Estimated Payment
$ 5,729.33 per month $5,046.12 Principal & Interest $340.50 Property Tax $342.71 Homeowner's InsuranceChange Payment Information
Mary Alice Ruppert
Office: (631) 581-7979 ext. 102
Cell: (631) 424-4639
Fax: (631) 581-3080
Voice Mail: (631) 581-7979
Email Me
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2311 Creston Avenue | MLS# 976499
This multi-family property located at 2311 Creston Avenue , Bronx, NY 10468 is currently listed for sale with an asking price of $1,175,000. Creston Avenue is located within the Bronx school district. Search Bronx real estate on mruppert.coachrealtors.com today.