![[Morrisania Real Estate, listing number 7251958]](https://www.vlshomes.com/images/full/7251958a.jpg)
| Description: 7251958 | |
| Introducing 1047 Morris Avenue, a newly developed brick six-family townhouse offering premium modern living, strong in-place income, and future upside in the fast-growing Concourse Village corridor. With approximately $180K in gross income and an estimated $165K NOI, the property delivers a solid ~6.5% cap rate and approximately 5.25% cash-on-cash return with 25% down at todayâ??s favorable financing, making it a compelling opportunity for savvy investors seeking a high-quality, free-market asset. | |
Details: |
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| Families: | 6 | |
| Property Type: | House | |
| Acres: | 0.06 | |
| Built: | 1905 | |
Financials: |
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| Price: | $2,499,999 | |
| Taxes: | $8,196 | |
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