29 days on rocket

1119 Morris Ave, Bronx, NY, 10456

$1,500,000

Home List Price

$10,000*

Closing Credit

13 Bedrooms
9 Full Baths
6,401 SqFt
$234/SqFt
Multi

Location

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1119 Morris Ave, Bronx$1,500,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Contact Us Phone Number1 (855) 200-2001

Property Highlights

Home TypeMulti Family
ParkingOther
Year Built1927
HeatingNatural Gas, Hot Water
CoolingWindow Unit(s)
MLS #H6332951
Lot Size0.08 Acres
StatusActive
(A)

About 1119 Morris Ave

PLEASE EMAIL OFFERS TO MSOLER@SOLERREALTYNYC.COM This expansive 5-family building, located in the Bronx, boasts over 6,000 square feet of living space, featuring three 3-bedroom units and two 2-bedroom units. With a projected Cap Rate of 10%, this property is an ideal investment opportunity, especially once fully renovated. Plus, it will be delivered vacant, giving you full control over upgrades and tenant selection. There's additional potential to convert the units into more bedrooms, maximizing rental income given the property's large size. Conveniently located just a short walk from the B & D trains, this building is perfect for commuters and presents significant upside for investors. Don't miss this chance to make a great return!

Property Details

Property Features

Property Information:

  • Year Built: 1927
  • Living Area: 6,401 SqFt

Listing Office:

  • Office Name: Soler Realty
  • Office Phone: (917) 710-3528

Interior Features

Bedroom and Bathroom Information:

  • Full Bathrooms: 9
  • Total Bedroom Count: 13

Exterior Features

Parking Information:

  • Attached Garage: No
  • Parking: Other

Lot Features

Lot Information:

  • Lot Size: 0.08 Acres

Utilities

Utilities Information:

  • Heating: Natural Gas, Hot Water
  • Cooling: Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,500,000
  • Price Per SqFt: $234/SqFt

Tax Information:

  • Annual Amount: $13,388
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Bronx, NY.

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Bronx, NY

City

Med. Sold Price

$589.8K

Med. Price/SqFt

$348

Avg. Days On Market

64

# of Sold Homes

145

1119 Morris Ave vs Bronx

29 DAYS ON ROCKET

-35 Days

$1,500,000

+$910.1K More

$234/SqFt

-$114 Less

KEY TAKEAWAY

This property is $910.1K more than the Median Sold Price and $114/SqFt less than other homes in Bronx, NY.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: ONEKEY
  • MLS Number: #H6332951

Listing Office:

  • Office Name: Soler Realty
  • Office Phone: (917) 710-3528

IDX Listings courtesy of OneKey MLS as distributed by MLS GRID.

All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information.

IDXThe data relating to real estate for sale on this web site comes in part from the Broker Reciprocity Program of the OneKey™ MLS. Real Estate listings held by brokerage firms other than this broker are marked with the Broker Reciprocity logo and detailed information about them includes the name of the listing brokers. This information is provided exclusively for consumers’ personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The source of the displayed data is either the property owner or public record provided by non-governmental third parties. It is believed to be reliable but not guaranteed.

Information Copyright 2024, OneKey™ MLS. All Rights Reserved.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.

This advertisement does not suggest that the broker has a listing in this property or properties or that any property is currently available.
Last updated on: 11/14/2024, 10:11:48 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$13,388$421,200
2018$12,182$96,365
2017$11,452$95,778

History based on county public records data.

Payment Calculator

$7,554

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,564

Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-228884
3
/10

  • Sheridan Academy for Young Leaders

  • 1116 Sheridan Ave

  • 0.12 miles

  • Public District Grades KG-5

school-card-donut-228885
7
/10

  • The Family School

  • 1116 Sheridan Ave

  • 0.12 miles

  • Public District Grades PK-5

school-card-donut-228886
4
/10

  • P.S. 53 Basheer Quisim

  • 360 E 168th St

  • 0.23 miles

  • Public District Grades KG-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $38,700. Typical income of Bronx, NY residents is between $35k-100k annually. Most families are single, no kids. The most common level of education of people living in this area is post secondary degree.

All data provided by Home Junction and Claritas

Rocket Homes›New York›Bronx County›Bronx›10456›1119 Morris Ave

This home is located at 1119 Morris Ave in Bronx, NY and zip code 10456 in the Southwest Bronx neighborhood. This 6,401 square foot home, which was built in 1927, sits on a 0.08 acre lot. Features: 13 bedrooms, 9 bathrooms. It has been listed on Rocket Homes since October 16, 2024 and is currently priced at $1,500,000.

While more than 38 listings in Bronx, NY in October 2024 were sold above asking price, there were more than 46 listings sold at asking price, and more than 61 were sold below. The number of homes for sale in Bronx, NY increased by 2.8% between September 2024 and October 2024. In October 2024, listings were on the market for 64 days. During the same period, the median list price in this real estate market was $589,852.

From Rocket Homes Real Estate and based on county public records data.

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