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Property Description
Turn-Key Investment Opportunity with Immediate Cash Flow!
Attention investors: This tenant-occupied property is ready to start earning from day one. With a solid monthly rental income of $2,542—of which $2,541 is reliably direct-deposited through Section 8—this is a low-maintenance, high-consistency addition to your portfolio. Tenant covers the remaining $61 per month, and the property delivers a strong 7% cap rate.
Whether you’re expanding your portfolio or securing your first rental, this income-producing asset offers built-in stability and immediate returns.
Features
- Heating System:
- Electric, Forced Air
- Cooling System:
- Central Air
- Basement:
- No
- Patio:
- Deck
- Appliances:
- Electric Water Heater
- Interior Features:
- Formal Dining, Galley Type Kitchen
- Parking Features:
- Assigned, Parking Lot
- Sewer:
- Shared Septic
- Utilities:
- Electricity Available
Address Map
- City:
- Riverhead
- State:
- NY
- County:
- Suffolk County
- Directions:
- Toppings Path to Hill Rise
- Subdivision Name:
- Calverton Hills
Property and Construction
- Association Fee:
- $350
- Association Fee Frequency:
- Monthly
- Association Fee Includes:
- Sewer, Water
- Development Status:
- Frame
- Elementary School:
- Phillips Avenue School
- High School:
- Riverhead Senior High School
- Levels:
- Two
- Agent MlsId:
- 123027
- Office MlsId:
- SPH22
- MiddleOrJunior School:
- Riverhead Middle School
- Special Listing Conditions:
- No
- Tax Annual Amount:
- $2,465
- Water Source:
- Public
- PhotosCount:
- 14
Residential For Sale
231 Hill Rise, Riverhead, NY
2 Bedrooms
1 Bathrooms
1,008 Sqft
$315,000
Listing ID #931492
Basic Details
- Property Type :
- Residential
- Property SubType :
- Single Family Residence
- Listing ID :
- 931492
- Price :
- $315,000
- Rooms :
- 5
- Bedrooms :
- 2
- Bathrooms :
- 1
- Half Bathrooms :
- 1
- Bathrooms Total :
- 2
- Square Footage :
- 1,008 Sqft
- Year Built :
- 1970
- Status :
- Active
- Status :
- Active
- Listing Office :
- Signature Premier Properties
- Listing Agent :
- Keith M. Dawson CBR
Agent info
Kasner Properties
284 W Park Ave Long Beach, NY 11561
Contact Agent
Walkscore
