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 Today’s Favorable Financing, Making It A Compelling Opportunity For Savvy Investors Seeking A High-quality, Free-market Asset. Inside, Each Residence Showcases Custom Finishes And Thoughtful Design, Including Flint-grey Cabinetry, Stone Breakfast Bars, Stainless Steel Appliances, And Hardwood Flooring Throughout. Spacious Living Rooms Flow Seamlessly Into The Kitchens—ideal For Entertaining—while Well-placed Powder Rooms Offer Added Convenience. Bedrooms Easily Accommodate Full Furniture Sets, And Each Unit Is Equipped With Wall Units Providing Efficient Heating And Cooling. The Six-family Configuration Includes: • Two 2-bedroom / 1-bath Units • Three 1-bedroom Units • One Studio Apartment With Ground-floor Access The Building Also Features Parking For Two Additional Vehicles, Along With Common Laundry, A Security Camera System, And Pet-friendly Accommodations. Tenants Pay Their Own Utilities. Adding To The Long-term Value, The Property Is Zoned R7-1, Allowing For Approximately 3, 498 Additional Buildable Square Feet, Presenting A Meaningful Development Or Expansion Opportunity. Perfectly Positioned In The Concourse Section Of The Bronx, The Building Is Moments From Playgrounds, Supermarkets, Restaurants, Schools, And Extensive Transit Options (4, B, D Trains + Bx32, Bx19, Bx21, Bx33, M125). With Quick Access To Major Roadways And The George Washington Bridge, Commuting Is Efficient And Convenient. Whether You’re An Investor Seeking Strong Income With Upside Or An Owner Looking For A Modern, Turnkey Asset, 1047 Morris Avenue Stands Out As A Premier Opportunity In Concourse Village.