$315,000

231 Hill Rise, Calverton, NY 11933

  • 2 beds |
  • 2 baths |
  • 1,008 sqft
  • Property Icon Single-Family Home
  • Property Year Built Icon Built in 1970
  • Property Lot Size Icon871sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $313/sqft
  • Property List Date Icon Listed 3 days ago

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.

Listing Status:
Active
Listing Office:
Signature Premier Properties : 631-642-2300
MLS ID:
931492
  • General: Formal DiningGalley Type Kitchen
  • Appliances: Electric Water Heater
  • Basement: None
  • A/C: Central Air
  • Heating: ElectricForced Air
  • Fireplace: Fireplaces: 0
  • Other Structures: Deck
  • Parking: AssignedParking Lot
  • General: Two
  • HOA Amenities: SewerWater350.0Monthly
  • Originating MLS: onekey2
  • School District: Riverhead
  • County: Suffolk County
  • Zoning: 0200-357-00-03-00-036-000
  • Utilities: Electricity Available
  • Water: Public
  • Sewer: Shared Septic
  • Source: onekey2

This listing courtesy of Signature Premier Properties

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

P

Phillips Avenue School

141 Phillips Ave, Riverhead, NY, 11901

Grades KG-4

4.59 miles away

R

Riverhead Middle School

600 Harrison Ave, Riverhead, NY, 11901

Grades 7-8

3.88 miles away

R

Riverhead Senior High School

700 Harrison Ave, Riverhead, NY, 11901

Grades 9-12

3.85 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.