![[Morrisania Real Estate, listing number 7361814]](https://www.vlshomes.com/images/full/7361814a.jpg)
| Description: 7361814 | |
| 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. | |
Details: |
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| Families: | 6 | |
| Property Type: | House | |
| Acres: | 0.06 | |
| Built: | 1905 | |
| School District: | Contact Agent | |
Financials: |
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| Price: | $1,999,999 | |
| Taxes: | $8,196 | |
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